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Author Question: GAAP do not require A. A management's discussion and analysis. B. Governments to prepare a CAFR. ... (Read 96 times)

jjjetplane

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  • Posts: 556
on: Jul 5, 2018
GAAP do not require
 
  A. A management's discussion and analysis.
  B. Governments to prepare a CAFR.
  C. A statistical section to be included within a CAFR.
  D. Discretely presented component units to be included in the government-wide financial statements.

Question 2

A company depreciates its equipment 500 a year. The adjusting entry on December 31 is a debit to Depreciation Expense, 500, and a credit to Equipment, 500.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Leostella20

  • Sr. Member
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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

False


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