WGU D250
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WGU D250 10
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WGU D250-GOVERNMENTAL AND 
NONPROFIT ACCOUNTING ACTUAL 
QUESTIONS AND CORRECT ANSWERS 
What are the two Government-Wide Financial Statements (GWFS) - CORRECT 
ANSWERS1. Government-Wide Statement of Net Position. 
2. Government-Wide Statement of Activites 
What balance does Defferred Outflows have? - CORRECT ANSWERSDebit Balance 
What balance does Defferred Inflows have? - CORRECT ANSWERSCredit Balance 
What accrual method do Government-Wide financial statements use? - CORRECT 
ANSWERSFu...
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WGU D250-GOVERNMENTAL AND 
NONPROFIT ACCOUNTING ACTUAL 
QUESTIONS AND CORRECT ANSWERS 
What are the two Government-Wide Financial Statements (GWFS) - CORRECT 
ANSWERS1. Government-Wide Statement of Net Position. 
2. Government-Wide Statement of Activites 
What balance does Defferred Outflows have? - CORRECT ANSWERSDebit Balance 
What balance does Defferred Inflows have? - CORRECT ANSWERSCredit Balance 
What accrual method do Government-Wide financial statements use? - CORRECT 
ANSWERSFu...