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Unformatted text preview: True B . False Q.4 ) One difference between accounting for commercial businesses and accounting in the governmental/nonprofit environment is that the generation of net income is no longer a primary objective. A . True B . False Q.5 ) A "major" governmental fund is one with 10% of total assets, liabilities, revenues, or expenditures in the governmental funds category and 5% in the governmental and enterprise funds combined. A . True B . False...
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- Spring '12