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For fund financial statements, what account is credited when a piece of equipment is leased on a capital lease? a) Other Financing Sources-Capital Lease b)

For fund financial statements, what account is credited when a piece of equipment is leased on a capital lease?

a) Other Financing Sources-Capital Lease

b) Encumbrances-Long Term

c) Encumbrances-Lease Obligations

d) Equipment-Capital Leas

e) Capital Lease Obligation

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