In governmental fund financial statements, the assets acquired under a capital lease would be reported at
A) The total of all payments required under the lease.
B) The present value of the required lease payments.
C) The undiscounted total of required lease payments.
D) They are not reported in the fund financial statements.

Question

Quizplus · Accepted Answer

The Answer of In governmental fund financial statements, the assets acquired under a capital lease would be reported at
A) The total of all payments required under the lease.
B) The present value of the required lease payments.
C) The undiscounted total of required lease payments.
D) They are not reported in the fund financial statements.

In Governmental Fund Financial Statements, the Assets Acquired Under a Capital