Which of the Following Describes How a Governmental Fund (E

question 73

Multiple Choice

Which of the following describes how a governmental fund (e.g.general fund) accounts for a capital lease?

• A) noncurrent liability
• B) bond accounting
• C) an asset and a lease liability
• D) none of the above identifies the appropriate way to account for a capital lease.

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Definitions:

EPSPs

Excitatory postsynaptic potentials, which are temporary increases in postsynaptic membrane potential caused by the flow of positively charged ions into the postsynaptic cell.

IPSP

Inhibitory postsynaptic potential, a type of synaptic potential that makes a postsynaptic neuron less likely to generate an action potential.

Nerve Cell Bodies

Also known as neurons, these are the part of the nerve cell that contains the nucleus and most of the cytoplasm.

Central Nervous System

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and sending out neural signals.