The City of Rapid Creek Acquired a Used Front-End Loader

question 23

Multiple Choice

The city of Rapid Creek acquired a used front-end loader from a road contractor for use at the landfill which is accounted for in an Enterprise Fund.The loader had a fair value of $54,000 and a historical cost of $90,000.The city paid the contractor $50,000 for the loader.At what amount should be front-end loader be reported in the government-wide financial statements?

• A)$50,000.
• B)$54,000.
• C)$90,000.
• D)It should not be reported in the government-wide financial statements.

---

Definitions:

Consumer Awareness

The extent to which potential customers are familiar or informed about a product, brand, or issue affecting their purchasing decisions.

Communications Mix

The various tools and methods that a company uses to communicate with its target market, including advertising, personal selling, sales promotion, public relations, and direct marketing.

Buzz Marketing

A viral marketing technique that focuses on generating excitement, high conversation levels, and word-of-mouth promotion about a brand or product.

Integrated Marketing Communications Campaign

A strategic approach that combines various promotional tools and communication strategies to deliver a consistent message about a brand to a targeted audience.