Which is true for government-wide financial statements

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A state or local government spends $27,500 to acquire a statue for the local civic center. The statue qualifies as an artwork because it is for public exhibit. It is protected by the government. A policy has been passed specifying that if the statue is ever sold, the money received must be used for replacement art. Get the instant assignment help. Which is true for government-wide financial statements?

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Which is true for government-wide financial statements : A state or local government spends $27,500 to acquire a statue for the local civic center. Which is true for government-wide financial statements?

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