FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The following items were included in Simple City's General Fund expenditures for the year ended June 30:
Computer for the city treasurer's office | $ 6,000 |
---|---|
Furniture for the mayor’s office | $ 20,000 |
How much should be classified as capital assets in Simple City's government-wide statement of net position at June 30?
Multiple Choice
$26,000
$0
$20,000
$6,000
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