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QUESTION
"Government Reporting" Please respond to the following: Determine the difficulties of developing principles that are appropriate for governments...
"Government Reporting" Please respond to the following: 1. Determine the difficulties of developing principles that are appropriate for governments within different categories (i.e., cities versus countries), as well as the best way to address those difficulties.2. Discuss possible solutions to the difficulties of establishing principles that enable governments to satisfy all three elements of GASB’s first objective of financial reporting in a single statement of revenue and expenditures or balance sheet.
Answer"Government Reporting" Please respond to the following:1. Determine the difficulties of developing principles that are appropriate forgovernments within different categories...