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In 2021, the Iroquois tribal government spent $1,000 on interest in relation to a new park, in a proprietary fund. 1) Would his be capitalized?
In 2021, the Iroquois tribal government spent $1,000 on interest in relation to a new park, in a proprietary fund. 1) Would his be capitalized? Yes or No? 2) would this be capitalized if this occurred in an international entity, and 3) would this be the same for a Publicly traded (for-profit) entity?
1. Yes, Yes, No
2. Yes, No, Yes
3. No, No, Yes
4. No, Yes, No
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