Assume that equipment in general governmental service that had been constructed ten years before by a capital

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Assume that equipment in general governmental service that had been constructed ten years before by a capital projects fund was recently sold. The receipts were accounted for as unrestricted revenue. Entries would be necessary in the

A. general fund and capital projects funds
B. general fund and general fixed asset account group

C. capital project fund and general fixed asset account group

D. general fund, capital project fund and general fixed asset account group

Related Book For answer-question

Financial and Managerial Accounting

ISBN: 978-1439037805

9th edition

Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson

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Posted Date: Oct 29, 2022 08:10 AM

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Assume that equipment in general governmental service that had been constructed ten years before by a capital

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Answer C capital project fund and general fixed asset account group The General Fixed A... View the full answer

Financial and Managerial Accounting

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