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3 Cards in this Set
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1. The resources to service all long-term debts of thegovernmental entity are typically accounted for in debt service funds. |
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2. When governments establish capital projects funds, they may choose to maintain a separate fund for each major project, or they may choose to combine two or more projects in a single fund. |
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3. GASB Statement No. 34 does not require a budgetary comparison statement for capital projects funds as it does for the general fund and for each major special revenue fund that has a legally adopted an |
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