Do not give image format The funds of a county governmentreport the following noncurrent assetacquisitions during the year:General fund$5,000,000Capital projects fund 9,000,000Special revenue fund400,000Internal service fundEnterprise fundFiduciary funds3,000,000Select one:a. $23,400,000b. $14,400,000c. $23,900,000d. $17,900,0006,000,000500,000On the government-wide statement ofnet position, what amount of theabove acquisitions will be capitalizedas assets?

Under statement of net position, there are two column to report asset, one is the governmental…

The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund 3,000,000 Enterprise fund 6,000,000 Fiduciary funds 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets? Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17.900.000

The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund 3,000,000 Enterprise fund 6,000,000 Fiduciary funds 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets? Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17.900.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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