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    Government and Not for Profit Accounting Study Set 2
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    Exam 5: Recognizing Expenditures in Governmental Funds
  5. Question
    Proceeds of Debt Intended to Finance General Capital Assets Should
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Proceeds of Debt Intended to Finance General Capital Assets Should

Question 33

Question 33

True/False

Proceeds of debt intended to finance general capital assets should be reported in the fund financial statements as a fund liability.

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