When a city enters into a capital lease for a fixed asset for the general government,

1. A) government-wide statements will report the asset and liability for the leased asset.
2. B) government-wide statements will not report the liability, Capital Lease Obligation.
3. C) governmental fund statements will report a fixed asset.
4. D) governmental fund statements will report a liability, Capital Lease Obligation.

Answer rating: 100% (QA)

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