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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Government-Wide Statements, Capital Assets, Long-Term Debt
  5. Question
    When Converting from the Enterprise Funds Statement of Net Assets
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When Converting from the Enterprise Funds Statement of Net Assets

Question 61

Question 61

True/False

When converting from the enterprise funds Statement of Net Assets to the government-wide Statement of Net Assets (government-wide statements),it is necessary to add fixed assets and to deduct long-term debt.

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