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Author Question: Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based ... (Read 151 times)

EAugust

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on: Jul 5, 2018
Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisalsand opinions.

Question 2

Interest expense for governmental activities at the government-wide level should be reported
 
  A. As part of the function for which the financing was beneficial.
  B. As part of the general government function.
  C. In total as capitalized interest.
  D. As an indirect expense not allocated to a functional area.


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britb2u

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Accounting reports would become unstable and unreliable.

Answer to Question 2

D


EAugust

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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