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The general rule for recognizing expenditures in government funds requires a government fund to recognize expenditures whenever the government as a whole incurs a long-term
The general rule for recognizing expenditures in government funds requires a government fund to recognize expenditures whenever the government as a whole incurs a long-term liability.
True
False
A down payment made at the inception of a capital lease by a government fund department decreases the fund balance of the government fund.
True
False
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