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The journal entries used to record capital assets in preparing the government-wide financial statements: Select one: O A. Are required because those assets are not

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The journal entries used to record capital assets in preparing the government-wide financial statements: Select one: O A. Are required because those assets are not reported on fund-based financial statements. O B. Record capital assets at their fair value as of the beginning of the year. O C. Recognize a decrease in net position. o D. Recognize a debit to capital assets and a credit to revenue

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