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This week, we are studying general capital assets and long-term obligations. Using key provisions of GASB...

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Accounting

This week, we are studying general capital assets and long-termobligations. Using key provisions of GASB No. 34, or an article onFinancial Reporting by a state or local government that is lessthan 5 years old, discuss one key point you found interesting onGASB 34 or on your chosen article and explain why this point isimportant to this week’s topic. Choose a provision or an articledifferent from your classmates.

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Government Accounting Standard Board GASB issued statement number 4 mainly for the purpose of establishing the requirement for local and state government for the financial statement GASB discusses some interesting points in the statements The one found interesting was the essential features of Fund Financial Statements GASB very clearly states that    See Answer
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This week, we are studying general capital assets and long-termobligations. Using key provisions of GASB No. 34, or an article onFinancial Reporting by a state or local government that is lessthan 5 years old, discuss one key point you found interesting onGASB 34 or on your chosen article and explain why this point isimportant to this week’s topic. Choose a provision or an articledifferent from your classmates.

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