______________ arise from activities of governmental funds and that are not reported as fund liabilities of a proprietary or fiduciary fund
a. government wide liabilities
b. special
c. general long term liabilities
d. tax liabilities
A lease is classified as an operating lease unless one of these is met:
a. lessor communicates to lessee on intent, purpose, and feasibility of renewal |
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b. imminent cancellation of proposal |
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c. lease term is equal or greater than 75 % estimated econ life of leased property |
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d. Repurchasing of lease obligation |
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