Multiple Choice
How would the $3,990,000 be accounted for?
A) As a capital asset in the government-wide Statement of Net Position.
B) As an expenditure in the capital projects fund.
C) As an expenditure in the capital projects fund and as an expense in the government-wide Statement of Activities.
D) Both a and b.
Correct Answer:
Verified
Correct Answer:
Verified
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