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The city of Canandaigua receives proceeds from the sale of land, the transaction is considered to be a special item. Where are the proceeds
The city of Canandaigua receives proceeds from the sale of land, the transaction is considered to be a special item. Where are the proceeds reported on the Statement of Revenues, Expenditures, and Changes in Fund Balance? O Separately after other financing sources and uses. O As a revenue. O As an item that changes the Fund Balance. O The proceeds are not recorded but the gain on the sale is.
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