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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: The police department of the city of Newport purchased 10 new patrol cars at the
Post by: goji.go on Oct 21, 2014
The police department of the city of Newport purchased 10 new patrol cars at the beginning of the new budget year at a total cash price of $250,000. This purchase will
A.   Increase capital assets reported in the General Fund by $250,000.
B.   Have no effect on capital assets in the General Fund, but will decrease fund balance in the General Fund by $250,000.
C.   Increase capital assets reported in the General Fund by $250,000, as well as decrease fund balance in the General Fund by the same amount.
D.   Increase both capital assets and fund balance in the General Fund by $250,000.


Title: Re: The police department of the city of Newport purchased 10 new patrol cars at the
Post by: f_zah1 on Oct 22, 2014
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Title: Re: The police department of the city of Newport purchased 10 new patrol cars at the
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: The police department of the city of Newport purchased 10 new patrol cars at the
Post by: f_zah1 on Oct 23, 2014
You're very welcome!