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    Essentials of Accounting Study Set 3
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    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
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    A City Government Sells Police Cars No Longer in Use
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A City Government Sells Police Cars No Longer in Use

Question 112

Question 112

Multiple Choice

A city government sells police cars no longer in use. No restrictions have been placed on the proceeds. Which fund should account for the receipt?


A) General fund
B) Capital projects fund
C) Enterprise fund
D) Debt service fund

Correct Answer:

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