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In the government-wide financial statements, the assets acquired under a capital lease would be reported at the total of all payments required under the lease. the present value of the required lease payments. the undiscounted total of required lease payments. they are not reported in the government-wide financial statements.

In the government-wide financial statements, the assets acquired under a capital lease would be reported at the total of all payments required under the lease. the present value of the required lease payments. the undiscounted total of required lease payments. they are not reported in the government-wide financial statements.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In the government-wide financial statements, the assets acquired under a capital lease would be reported at the total of all payments required under the lease. the present value of the required lease payments. the undiscounted total of required lease payments. they are not reported in the government-wide financial statements.
Transcribed Image Text:In the government-wide financial statements, the assets acquired under a capital lease would be reported at the total of all payments required under the lease. the present value of the required lease payments. the undiscounted total of required lease payments. they are not reported in the government-wide financial statements.
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