In the Government-Wide Financial Statements, the Assets Acquired Under a Capital

question 52

Multiple Choice

In the government-wide financial statements, the assets acquired under a capital lease would be reported at

• A) The total of all payments required under the lease.
• B) The present value of the required lease payments.
• C) The undiscounted total of required lease payments.
• D) They are not reported in the government-wide financial statements.

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