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Sur municipality maintains a fund that records proceeds from tax on tobacco products. The tax...

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Accounting

Sur municipality maintains a fund that records proceeds from tax on tobacco products. The tax proceeds are used to operate a cancer hospital in the city. The appropriate measurement focus and basis of accounting for this fund are;

a-Flow of economic resources and modified accrual basis

b-Flow of current financial resources and accrual basis

c-Flow of current financial resources and modified accrual basis

d-Flow of economic resources and accrual basis

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