Which of the following is characteristic of governmental fund accounting and financial reporting? a. The inclusion of
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Which of the following is characteristic of governmental fund accounting and financial reporting?
a. The inclusion of only financial assets and related liabilities.
b. The inclusion of all financial and capital assets, as well as all related debt.
c. The inclusion of all financial assets, as well as any capital assets and related debt that are related to General Fund functions.
d. Depreciation is reported in all governmental funds that use capital assets.
e. None of the above.
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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