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    Advanced Accounting Study Set 14
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    Exam 18: Introduction to Accounting for State and Local Governmental Units
  5. Question
    Fixed Assets and Noncurrent Liabilities Are Accounted for in the Records
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Fixed Assets and Noncurrent Liabilities Are Accounted for in the Records

Question 2

Question 2

Multiple Choice

Fixed assets and noncurrent liabilities are accounted for in the records of:


A) governmental funds
B) expendable funds
C) proprietary funds
D) both governmental and expendable funds.

Correct Answer:

verifed

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