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In this discussion question, you will describe how capital assets, debt service, and long-term assets and liabilities are accounted for. What types of funds are

In this discussion question, you will describe how capital assets, debt service, and long-term assets and liabilities are accounted for.

What types of funds are used to account for these items? How are they combined and consolidated into the governmental financial statements? What do they tell users about the entity?

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