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Business, 18.04.2020 00:15 jaidalynkimora

Which of the following statements concerning the reporting of general long-term liabilities is true?

1.general long-term liabilities are reported both in the governmental funds and the ­government-wide financial statements
2.General long-term liabilities are only reported in the government-wide financial statements
3.General long-term liabilities are only reported in the governmental funds Advances from other funds that are being repaid over a 10-year period would be reported as a general long-term liability

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