An expenditure is an example of what the GASB terms an outflow of resources.
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Q4: Governmental funds account for assets but not
Q5: Revenues is an example of what the
Q6: The governmental funds category includes the General
Q7: Deferred outflow of resources is a type
Q8: According to the guidance of GASB Concepts
Q10: Governmental funds are identical to governmental activities,
Q11: When revenues are legally restricted by external
Q12: Governments can, in part, demonstrate operational accountability
Q13: Only those governmental and proprietary funds that
Q14: Expenditures are never recorded in governmental funds.
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