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Which of the following statements is false? Multiple Choice a. Resources representing supplies...

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Accounting

Which of the following statements is false?

Multiple Choice

a. Resources representing supplies and prepaid items are classified in governmental funds as Nonspendable Fund balance.

b. Principal of permanent funds is classified as Committed Fund Balance.

c. Debt service and permanent funds do not record encumbrances.

d. Capital Projects, debt service, and permanent funds do not typically record budgets.

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