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The government-wide statement of activities? a) Reports interest on general long-term liabilities as a direct expense. b) Does not allocate indirect expenses. c) May not

The government-wide statement of activities? a) Reports interest on general long-term liabilities as a direct expense. b) Does not allocate indirect expenses. c) May not be required to allocate depreciation. d) Excludes fines and forfeitures from program revenues.

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