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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
A city receives a donation of land from one of its citizens to be used as a park.  How should the donation be recognized by the government?
A.   In the General Fund as a Special Item-Donation and in the General Capital Assets accounts.
B.   In the General Fund an Other Financing Source-Donation and in the General Capital Assets accounts.
C.   Only in the General Fund as Revenues-Other.
D.   Only in the General Capital Assets accounts.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

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