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 minimum lease payments
B) fixed assets;future value of the minimum lease payments
C) expenditures;present value of the minimum lease payments
D) fixed assets;present value of the minimum lease payments
Correct Answer:
Verified
Correct Answer:
Verified
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