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Why are a municipality's general capital assets and general long-term liabilities accounted for through nonfund accounts rather than within one of its governmental funds, such

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Why are a municipality's general capital assets and general long-term liabilities accounted for through nonfund accounts rather than within one of its governmental funds, such as the General Fund? In what funds and nonfund accounts are (a) capital assets and (b) long-term liabilities accounted for? Under what circumstances should a government use a Special Revenue Fund? A Capital Projects Fund? A Debt Service Fund

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