Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 80

A city government holds a six-year capital lease for property being used within the General Fund, Minimum lease payments total $70,000 starting next year but have a current present value of $49,000. What is the total amount of other financing sources to be recognized on the fund financial statements over this six-year period
a. $ -0-.
b. $49,000.
c. $70,000.
d. $119,000.