Charged itself for electricity consumption the newly


The city of Cherokee Hills is adjacent to a freeway leading to a nearby metropolitan area na has grown rapidly from a small villageto a city of 75,000. Its population is expected to double every 10years in the foreseeable future. The city has owned and operatedthe local electricity generation and distribution system since its inception many years ago and has never charged itself for electricity consumption. The newly employed comptroller of CherokeeHills seeks your advice in this regard. What is your response?

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Accounting Basics: Charged itself for electricity consumption the newly
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