The fiduciary fund financial statements are prepared using the economic financial resources measurement focus and accrual basis of accounting.

Name: The fiduciary fund financial statements are prepared using the economic financial resources measurement focus and accrual basis of accounting.
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Fiduciary funds use the economic resource measurement focus and the accrual basis of accounting. Activity accounts are labeled additions and deductions rather than revenues and expenses.

The Fiduciary Fund Financial Statements Are Prepared Using the Economic