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derro derro
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Posts: 866
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5 years ago
An Enterprise Fund incurs $35,000 of interest during the current year related to its outstanding bonds. The $35,000 will be reported as
A.Operating expenses.
B.Nonoperating expenses.
C.Other financing uses.
D.Capitalized interest because all interest must be capitalized in an Enterprise fund.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
Authors:
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