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Resources: Ch. 5 & 10 of Government and Not-for-Profit Accounting
Prepare written answers to the following problems from Government and Not-for-Profit Accounting:
Ch. 5: Problem 5-11 – Nonexchange expenditures are the mirror image of nonexchange revenues.
Ch. 10: Problem 10-7, Parts 1, 2, & 3 – The basic financial statements of a pension plan provide only limited amounts of information as to its economic condition
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