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Author Question: Long-Term Liabilities are usually listed in the order of their expected payment. Indicate whether ... (Read 63 times)

KimWrice

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on: Jul 6, 2018
Long-Term Liabilities are usually listed in the order of their expected payment.
  Indicate whether the statement is true or false

Question 2

Which of the following is the basic proprietary fund accounting equation?
 
  A. Assets  Liabilities = Net Assets.
  B. Financial Assets  Related Liabilities = Fund Balance.
  C. Financial Assets + Deferred Outflows  Related Liabilities  Deferred Inflows = Fund Balance.
  D. Assets + Deferred Outflows  Liabilities  Deferred Inflows = Net Position.


orangecrush

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Reply #1 on: Jul 6, 2018
Answer to Question 1

F

Answer to Question 2

D


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