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Not-for-Profit Financial Statements, accounting homework help

Business-type activities of governments are accounted for in a fashion similar to those carried out by businesses. It is easy to understand that accounting for these services is done on a full accrual basis of accounting; however, give your opinion on the way in which this

integrates
with the modified basis of accounting used by governmental

funds
. Use the GASB materials to support your position.

 
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