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Accounting Expert Answers & Study Resources : Page 659

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Essay Questions 41.For each of the following transactions, select the area of accounting records in which an entry will be recorded. (A) General Fund only. (B) Governmental Activities only. (C) General Fund and Governmental Activities. (D) General Fund and Debt Service Fund. (E) Capital Projects Fund and Governmental Activities. (F) Debt Service Fund and Governmental Activities. (G) Special.

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  • Essay Questions 41.For each of the following transactions, select the area
  • Accounting
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Multiple Choice Questions 1.For government-wide financial statements, what account is credited when a piece of equipment is leased on a capital lease? A. Equipment-Capital Lease B. Encumbrances-Long Term C. Encumbrances-Lease Obligations D. Capital Lease Obligation E. The lease is not recorded. 2.For fund financial statements, what account is credited when a piece of equipment is leased.

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  • Multiple Choice Questions 1.For government-wide financial statements, what account credited when
  • Accounting
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