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5. What entry would a city make in its government-wide financial statements if it acquired a $2 million sculpture for cash, if it capitalized these
5. What entry would a city make in its government-wide financial statements if it acquired a $2 million sculpture for cash, if it capitalized these assets? (3 points)
6. Same as the preceding question, but assume the government does not record sculptures as assets (3 points)
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