The balance sheets of both enterprise funds and internal service funds report capital assets and long-term debt.

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The balance sheets of both enterprise funds and internal service funds report capital assets and long-term debt. What does that tell you about the funds’ measurement focus and basis of accounting? Explain.

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:40 AM

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The balance sheets of both enterprise funds and internal service funds report capital assets and long-term debt.

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The presence of longlived assets and longterm debt on the balance sheets of enterprise ...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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