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The Public Sector Accounting Board (PSAB)has Identified a Number of Characteristics

Question 2

Multiple Choice

The Public Sector Accounting Board (PSAB) has identified a number of characteristics that differentiates governmental reporting from private sector reporting.Which of the following is one of those characteristics?


A) The government's goal is to make a surplus.
B) The focus of governmental capital spending is to maximize returns.
C) Tangible capital assets are different in nature for governments.
D) Governments have limited debt capacity.

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