The General Fund of Reston Acquired Computer Equipment Costing $70,000

question 36

Multiple Choice

The general fund of Reston acquired computer equipment costing $70,000 during the fiscal year ended June 30,20X9.Machinery and Equipment should be reported in Reston's General Fund Balance Sheet and government-wide Statement of Net Assets at June 30,20X9,as follows:

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

PVGO

Present Value of Growth Opportunities (PVGO) refers to the component of a company's stock price that is attributed to future investments' expected net present value.

Market Capitalization Rate

It's the rate of return on a real estate investment property based on the expected income that the property will generate.

P/E Ratio

The price-to-earnings ratio, a valuation metric comparing a company's current stock price to its per-share earnings.

EBIT

Earnings Before Interest and Taxes, a financial metric used to evaluate a company's operating performance.