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Topic: Governmental Accounting CPA 04485 (

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Emorizle
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Joined: 07 Jul 2010
Location: United States
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Posts: 15

Posted: 08 Jul 2010 at 18:42 \| IP Logged

This question was long, but to summarize:

Q: Should Capital Project fund be included in Bel's government wide
financial Statements?

a. No
b. Yes

Correct answer is No. The government wide financial statements exclude
specific fund financial statements and instead summarize government
wide financials statements as either governmental type or business type.

I understand that the government wide financials statements is different
from the Fund Financial Statements, but how do I know if it is asking if
Gov wide F/S includes governmental funds and proprietary funds (GRASPP
and SE). I am sorry if I cannot frame the question well. However, I am
confused with this question.

Emorizle
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Joined: 07 Jul 2010
Location: United States
Online Status: Offline
Posts: 15

Posted: 08 Jul 2010 at 18:44 \| IP Logged

I guess to clarify, I read this question as Is Capital Project fund included in
Business Governmental Activities in the Government Wide Financial
Statements. How will I distinguish what the question is asking.

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