Which of the following statements is false? Multiple Choice Only items specifically identified in GASB...
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Accounting
Which of the following statements is false? Multiple Choice Only items specifically identified in GASB standards may be reported as deferred inflows or deferred outflows. Deferred Inflows of Resources have a credit balance but they do not represent obligations of the reporting entity. Fund Balance is analogous to the capital of an investorowned entity. Deferred Outflows of Resources have a debit balance but are not assets of the reporting organization. 
Which of the following statements is false?
Multiple Choice
Only items specifically identified in GASB standards may be reported as deferred inflows or deferred outflows.
Deferred Inflows of Resources have a credit balance but they do not represent obligations of the reporting entity.
Fund Balance is analogous to the capital of an investorowned entity.
Deferred Outflows of Resources have a debit balance but are not assets of the reporting organization.
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