Which of the following is never reported as a general long-term liability? a. Capital leases. b. Compensated
Question:
Which of the following is never reported as a general long-term liability?
a. Capital leases.
b. Compensated absences.
c. Certificates of participation.
d. Advances from other funds.
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Answer The correct answer is c Certificates of participation General LongTerm Liabilities General lo...View the full answer
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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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