Star City Leased a Bulldozer for Use in Activities Accounted

question 32

Multiple Choice

Star City leased a bulldozer for use in activities accounted for in the General Fund.The City paid $40,000 and agreed to pay $40,000 per year for 3 years.The bulldozer has a useful life of six years.The lease qualified as a capital lease.Assuming that the city maintains is books and records in a manner that facilitates the preparation of the fund financial statements, the appropriate entry in the General Fund at the date of acquisition would be

• A)Debit Expenditures $160,000; Credit Cash $40,000 and Other financing sources $120,000.
• B)Debit Expenditures $40,000 and Prepaid lease $120,000; Credit Cash $40,000 and Other financing sources $120,000.
• C)Debit Equipment $160,000; Credit Cash $40,000 and Other financing sources $120,000.
• D)Debit Expenditures $160,000; Credit Cash $40,000 and Lease payable $120,000.

Relate personality traits and changes in middle adulthood to the "big five" model of personality.

Examine social and familial dynamics, including the "boomerang generation" and the implications of stressful life events.

Understand the impact of major life events and career changes on individuals in middle adulthood.

Grasp the concept of aging in the context of physical health and fertility.

---

Definitions:

Impulse

A sudden strong and unreflective urge or desire to act.

Necrotic

Pertaining to the death of cells or tissues in the body, often as a result of disease, injury, or lack of blood supply.

Autonomic Nervous System

A part of the nervous system that controls involuntary actions of the smooth muscles and heart and also regulates glandular functions.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a body surface.