Multiple Choice
A computer was purchased from unrestricted resources for a general government department. The government paid cash for the computer at the purchase date. Which of the following is not an effect of this transaction in the General Fund?
A) Current assets decrease.
B) Capital assets increase.
C) Current liabilities do not change.
D) Fund balance decreases.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Which of the following is considered a
Q18: Assume that Kelly County issues $3,000,000 in
Q19: General government financial resources to be used
Q20: Which of the following is not considered
Q21: Which of the following is not considered
Q23: Activities of a central motor pool that
Q24: The police department of the city of
Q25: A government issues 10-year bonds to finance
Q26: Incurring construction costs on a major general
Q27: Match the following situations with the fund