Why are long term liabilities in governmental accounting

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Reference no: EM132534780

Read Chapters 5 (Accounting for general capital assets) and Chapter 6 (Accounting for general long term liabilities) of your Accounting for Governmental and Nonprofit entities Book (16th or 17th edition)

-What are capital assets? Provide example

-What are capital projects funds? Provide example

-Why are long term liabilities in governmental accounting?

-What is the difference between debt limit and debt margin?

-What are different types of serial bonds in governmental accounting?

Reference no: EM132534780

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