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Which of the following is true regarding the government-wide Statement of Activities?Transfers between governmental and...

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Accounting

Which of the following is true regarding the government-wide Statement of Activities?Transfers between governmental and business type activities are eliminated and do not appear on the government-wide Statement of Activities.In the government-wide Statement of Activities, "special items" are those items that are both unusual and infrequent and are not under the control of management.Taxes levied, including those restricted to a particular purpose, are reported as program revenue.The Statement of Activities includes depreciation expense.

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