$15$

Multiple Choice

$4$ points

A town has a General Fund and an Enterprise Fund. The town purchased a car for $$42,000$ cash. What expenditure$/$oxpense should be recogente General Fund resources, and what should be recognized if the acquisition was in an Enterprise Fund?

$$ The General Fund would recognize an expenditure of $$42,000,$ and the Enterprise Fund would not recognize an expenditure or copense.

$$ The General Fund would recognize an expenditure of $$42,000,$ and the Enterprise Fund would recognize an expense of $$42,000.$

$$ The General Fund and Enterprise would each recognize an expense of $$42,000.$

$$ The General Fund would not recognize an expenditure or expense, but the Enterprise Fund would recoenize an expenditure of $$42\mathrm{.}000$

Clear my selection

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