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Capital assets (and related depreciation) and long-term debt are recorded in the funds and related financial statements for: Group of answer choices BOTH Governmental Funds

Capital assets (and related depreciation) and long-term debt are recorded in the funds and related financial statements for: Group of answer choices BOTH Governmental Funds AND Proprietary Funds Proprietary Funds only Governmental Funds only NEITHER Governmental Funds NOR Proprietary Funds

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