Which of the Following Would Increase the Balance in Net

question 23

Multiple Choice

Which of the following would increase the balance in net assets-invested in capital assets,net of related debt?

• A)Acquisition of a building to be used by the police department.
• B)Issuance of long-term debt to be used to acquire equipment for the police department.
• C)A gift of land to the city restricted by the donor to be used by the city airport,which is accounted for as an enterprise fund.
• D)Recording annual depreciation on capital assets.

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Definitions:

Unconformity

A geological surface that represents a gap in the geological record, often due to erosion or lack of deposition over a period of time.

Cleavage

In geology, the tendency of minerals to break along flat, parallel surfaces related to the arrangement of atoms within the mineral.

Anticline

A type of fold in the Earth's crust that is convex up and has its oldest beds at its core.

Joint

A fracture or separation in rock in which there has been no significant movement of the sides relative to one another.