An asset costing $10,000 was reclassified from the General Capital Assets accounts of a governmental unit to

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An asset costing $10,000 was reclassified from the General Capital Assets accounts of a governmental unit to one of the governmental unit’s enterprise activities. What effect would this reclassification have on the General Fund and the Enterprise Fund, respectively?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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