The Disposal of a General Capital Asset, Resulting in No

question 34

True/False

The disposal of a general capital asset, resulting in no revenue or expenditure to the government, is recorded only in the governmental activities accounts.

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Definitions:

Union

A worker association that bargains with employers over wages and working conditions.

Employed

The state of having paid work; a person who performs work for wages or salary in a part-time or full-time position.

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a federation of labor unions in the United States.

Manufacturing Firms

Companies involved in the transformation of raw materials, components, or parts into finished goods that meet a consumer's demand or specifications.