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Compute which of the financial statements

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Problem 1: Interest on general long-term debt would be recorded as an expenditure in which of the following financial statements?

A. Both statement of activities and statement of revenues, expenditures, and changes in fund balances-governmental funds.
B. Statement of activities.
C. Statement of revenues, expenditures, and changes in fund balances.
D. None of the above, interest is recorded as an expense, not an expenditure.

Reference no: EM132737598

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