Which of the following should be reported as expenditures in governmental funds? a. Salaries. b. Interest on
Question:
a. Salaries.
b. Interest on short-term debt.
c. Purchase of equipment
d. Long-term liability principal retirement.
e. Depreciation.
f. Short-term liability principal retirement.
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In the accounting period in which the fund liability is incurred except for immature prin...View the full answer
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Related Book For 
Governmental and Nonprofit Accounting Theory and Practice
ISBN: 978-0133799569
11th edition
Authors: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
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