Which of the following types of adjustments to the government fund financial statements are necessary...
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Accounting
Which of the following types of adjustments to the government fund financial statements are necessary to prepare the governmental activities portion of the government-wide financial statements?
A)Capital assets and related depreciation must be recorded
B) Proceeds from issuing long-term debt must be recorded as liabilities
C) Expenses must be recognized when incurred so noncurrent liabilities from current transactions and events must be reported
D) Revenues must be recognized on the accrual basis of accounting so the governmental fund measurable and available rule is discarded
E) All of the above
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