All capital assets acquired by or used by a fund should be reported in the fund balance sheet or statement of net position.
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Q1: Activities a local government can engage in
Q3: A debt service fund is used to
Q4: Governmental funds account for assets but not
Q5: Revenues is an example of what the
Q6: The governmental funds category includes the General
Q7: Deferred outflow of resources is a type
Q8: According to the guidance of GASB Concepts
Q9: An expenditure is an example of what
Q10: Governmental funds are identical to governmental activities,
Q11: When revenues are legally restricted by external
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