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goji.go goji.go
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Posts: 5977
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9 years ago
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.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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