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user-506 - 02/8/2019, 5:11 am

Should answer be D.

How is Proprietary fund focused on Economic Resources?

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Paul-95940 - 06/7/2019, 2:47 pm

Proprietary funds are government owning businesses to make profit; thus they use accrual basis to account for business activities. Thus they report short and long term assets and liabilities. Governmental funds on the other hand do not report long term assets and liabilities

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