Which of the following describes how a governmental fund (e.g. general fund) accounts for a capital lease?
A. In a manner similar to how the fund accounts for bonds.
B. As an asset and a lease liability
C. As a noncurrent liability
D. None of the choices identifies the appropriate way to account for a capital lease.
Answer: A
You might also like to view...
In a short essay, list and discuss the two types of general surveys used to collect syndicated data
What will be an ideal response?
Which of the following statements is TRUE of Florida Chemicals Company's statement of cash flows for 2018?
Florida Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
Net Income for the year was $57,000.
A) The company issued stocks for $30,000.
B) The company declared $52,000 as dividends.
C) The company purchased treasury stock for $8400.
D) The net cash flow from financing activities is $180,600.
________ supply chains consider forward and reverse product flows over the entire life cycle
Fill in the blanks with correct word
Which of the following is not true of content atomization?
a. The content can be partitioned and/or repackaged in several ways while still remaining strategically aligned. b. Having related, but distinct content on different social channels decreases the likelihood that the target audience will be exposed to the message multiple times. c. Not only is atomization an efficient way to use resources, it also provides message amplification. d. Documenting and cataloguing content as it is created ensures that it can be reused or repurposed in the future. e. All of these are true.