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Q1) What are the possible differences that may occur between a state or local government's budgetary practices and GAAP?

Q2) Given the following contract information, find out the adjusted contract price:

Contract Value	$400,000
Subject to Adjustment	10%
Base Index	124.5
Index at Delivery	132

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M917861

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