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Long-Term Liabilities of an Enterprise Fund Should Be Reported in The

Question 107

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Long-term liabilities of an enterprise fund should be reported in the:
 Proprietary FundGovernment-Wide \quad\quad\quad\text { Proprietary Fund\quad Government-Wide }
StatementsStatements\quad\quad\quad\quad\underline{\text{Statements}}\quad\quad\quad\quad\quad\underline{\text{Statements}}
A)  No  No \quad \quad \quad \quad \quad \text { No }\quad \quad \quad \quad \quad \quad \quad \quad \text { No }
B)  Yes  Yes \quad \quad \quad \quad \quad\text { Yes } \quad \quad \quad \quad \quad\quad \quad \quad \text { Yes }
C)  Yes  No \quad \quad \quad \quad \quad\text { Yes } \quad \quad \quad \quad \quad\quad \quad \quad \text { No }
d)  No  Yes \quad \quad \quad \quad \quad\text { No } \quad \quad \quad \quad \quad\quad \quad \quad \text { Yes }

Correct Answer:

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B
Explanation: Long-term liabi...

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