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    Advanced Accounting
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    Exam 10: State and Local Governments: Introduction and General Fund Transactions
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    A Purchase of Equipment Would Be Reported as an Asset
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A Purchase of Equipment Would Be Reported as an Asset

Question 52

Question 52

Multiple Choice

A purchase of equipment would be reported as an asset in which of the following funds?


A) Enterprise fund
B) Capital projects fund
C) Special revenue fund
D) Permanent fund

Correct Answer:

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