Why do some accountants believe that it should offset the year

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June 8th, 2024

Instructions:Answer the following two questions in 1-2 page document.Why do some accountants believe that it should offset the year-end inventory balance with a fund balance—non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?How should governments report their capital projects and debt service activities in their government-wide statements?Requirements:Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.For written answers, please make sure your responses are grammatically correct and free from spelling errors.Follow the Guide to Writing and APA Requirements.

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