The acquisition of capital assets by an internal service fund would be shown as: O a expense Ob. long term asset Oc expenditure Od. short term asset (supplies) Oe cannot have capital acquisitions in govermmental funds

The acquisition of capital assets by an internal service fund would be shown as: O a expense Ob. long term asset Oc expenditure Od. short term asset (supplies) Oe cannot have capital acquisitions in govermmental funds

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 4LO

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Question

The acquisition of capital assets by an internal service fund would be shown as:
O a expense
O b. long term asset
Oc expenditure
Od. short term asset (supplies)
O e. cannot have capital acquisitions in govermmental funds

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