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The General Fund of the City of Plymouth Purchased a Police

Question 1

Multiple Choice

The General Fund of the City of Plymouth purchased a police car in the amount of $25,000.Which of the following would be true?


A) The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances would report an expenditure of $25,000.
B) The government-wide Statement of Activities would report an expense of $25,000.
C) Both of the above.
D) Neither of the above.

Correct Answer:

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