When a Computer Which Is to Be Used by an Activity

question 85

Multiple Choice

When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received,it should be recorded in the General Fund as a(an) :

• A) Expenditure.
• B) Appropriation.
• C) Encumbrance.
• D) Capital asset.

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Definitions:

Investing Activities

Financial actions related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Cash Dividends

Dividends paid to shareholders by a corporation, ordinarily from its profit earnings.

Net Cash

The amount of cash that is available after all debts and obligations have been settled, reflecting a company's liquidity.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments, as part of a company's financial operations.