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True or False 10 There is no effect on the operating statement for loans between...

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Accounting

True or False

10 There is no effect on the operating statement for loans between funds.

11 The Summary of the 990 includes in the Activities and Governance, a total for unrelated business expenses.

12 For government funds, increases in spendable resources are reported as revenues or other financing sources and decreases in spendable resources are reported as expenditures or other financing resources.

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