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Which of the following is not true regarding proprietary funds? Proprietary funds present a statement of cash flows. Proprietary funds record capital assets directly in
Which of the following is not true regarding proprietary funds? |
Proprietary funds present a statement of cash flows. |
Proprietary funds record capital assets directly in the fund accounts. |
The difference between assets plus deferred outflows of resources and liabilities plus deferred inflows of resources of proprietary funds is called "net assets." |
Proprietary funds record long-term debt directly in the fund accounts. |
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