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    Accounting for Governmental
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    Exam 7: Accounting for the Business-type Activities of State and Local Governments
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    Which of the Following Account Balances Would Only Be Reported
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Which of the Following Account Balances Would Only Be Reported

Question 43

Question 43

Multiple Choice

Which of the following account balances would only be reported if a city-owned utility followed regulatory accounting principles?


A) Depreciation expense.
B) Pumping expense.
C) Restricted Assets-Cash.
D) Utility Plant Acquisition Adjustments.

Correct Answer:

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