126.What are the five environmental factors relating to how governments are different from commercial businesses as described by GASB in a white paper entitled: Why Governmental Accounting and...

126.What are the five environmental factors relating to how governments are different from commercial businesses as described by GASB in a white paper entitled: Why Governmental Accounting and Financial Reporting Is – and Should Be – Different:

127.Identify the three basic fund categories, the funds that make up each of them, and the category’s basis of accounting.

128. Contrast the economic resources measurement focus and the current financial resources measurement focus with regard to the accounting treatment of long-term debt.