If a Government Forecloses on Property Because of Unpaid Taxes

Multiple Choice

If a government forecloses on property because of unpaid taxes in the General Fund and retains it for general government use, which of the following funds and/or accounts would most likely be affected by the transaction?

A) General Fund only.
B) General Capital Assets accounts only.
C) General Fund and General Capital Assets accounts.
D) General Capital Assets and General Long-Term Liabilities accounts.