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Question 5 (3 points) Saved For fund financial statements, what account is credited when a piece of equipment is leased on a capital lease? [3
Question 5 (3 points) Saved For fund financial statements, what account is credited when a piece of equipment is leased on a capital lease? [3 points) Encumbrances Lease Obligations Equipment Capital Lease Capital Lease Obligation Encumbrances Long Term Other Financing Sources Capital Lease
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Public Sector Accounting
Authors: Budding, Tjerk, Grossi, Giuseppe, Tagesson, Torbj
1st Edition
0415683149, 9780415683142
