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The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund 3,000,000 Enterprise fund 6,000,000 Fiduciary funds 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets? Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17.900.000

The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund 3,000,000 Enterprise fund 6,000,000 Fiduciary funds 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets? Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17.900.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund Enterprise fund Fiduciary funds 3,000,000 Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17,900,000 6,000,000 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets?
Transcribed Image Text:The funds of a county government report the following noncurrent asset acquisitions during the year: General fund $5,000,000 Capital projects fund 9,000,000 Special revenue fund 400,000 Internal service fund Enterprise fund Fiduciary funds 3,000,000 Select one: a. $23,400,000 b. $14,400,000 c. $23,900,000 d. $17,900,000 6,000,000 500,000 On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets?
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