Which of the following should be accounted for in an enterprise fund? Light poles to be paid for in installments by affected property owners $ 350,000 Van used to transport supplies to all city departments on a cost reimbursement basis 65,000 Equipment used for supplying electric power to residents
Which of the following should be accounted for in an enterprise fund? Light poles to be paid for in installments by affected property owners $ 350,000 Van used to transport supplies to all city departments on a cost reimbursement basis 65,000 Equipment used for supplying electric power to residents
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following should be accounted for in an enterprise fund?
Light poles to be paid for in installments by affected property owners | $ 350,000 |
---|---|
Van used to transport supplies to all city departments on a cost reimbursement basis | 65,000 |
Equipment used for supplying electric power to residents | 1,250,000 |
Multiple Choice
$1,315,000.
$1,250,000.
$ 65,000.
$ 415,000.
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