1. GASB standards require certain disclosures about capital assets in the notes to the financial statements: what...
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Question:
1. GASB standards require certain disclosures about capital assets in the notes to the financial statements: what are the disclosures?
2. What qualifies an asset as a general capital asset?
3. If an asset is classified as a general capital asset how must in be reported in the financial statements?
4. Do you agree with the classification and reporting required for general capital assets?
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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