Multiple Choice
When a capital lease is used to lease fixed assets for the general government,the governmental fund acquiring the fixed assets debits ________ at the ________.
A) expenditures; future value of the lease payments
B) fixed assets; future value of the lease payments
C) expenditures; present value of the lease payments
D) fixed assets; present value of the lease payments
Correct Answer:
Verified
Correct Answer:
Verified
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