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What Is the General Rule for Reporting Capital Assets in the Governmental

Question 40

Multiple Choice

What is the general rule for reporting capital assets in the governmental activities column of the government-wide statement of net position?


A) Capital assets are not reported in that column
B) Both proprietary fund and general capital assets are reported in that column
C) All general capital assets should be reported in that column
D) All general capital assets,except infrastructure assets,should be reported in that column.

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