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Governmental Accounting Government investment policies including those demonstrated by Orange Country, CA that led to their bankruptcy...

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Accounting

Governmental Accounting

Government investment policies including those demonstrated byOrange Country, CA that led to their bankruptcy have been sharplycriticized because of significant losses incurred by certaingovernments. What is the nature of the problem that is beingcriticized? What should be the role of accounting in determiningand reporting investment strategies?

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