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    Advanced Accounting Concepts and Practice
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    Exam 26: Not-For-Profit Organizations: Introduction and Private Npos
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    For a Public C&U That Presents a Statement of Revenues
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For a Public C&U That Presents a Statement of Revenues

Question 191

Question 191

True/False

For a public C&U that presents a statement of revenues, expenses, and changes in net assets, interest on capital asset-related debt is reported in the nonoperating revenues and expenses section.

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