A government entered into a general government capital lease for equipment during the year. The capitalizable cost
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A government entered into a general government capital lease for equipment during the year. The capitalizable cost of the equipment was $400,000. A down payment of $40,000 was made. The General Fund should report in its statement of revenues, expenditures, and changes in fund balance an
A. Other financing use of $400,000.
B. Expenditure of $360,000.
C. Other financing source of $400,000.
D. Other financing source of $360,000.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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