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The Following Items Were Included in Castle City's General Fund

Question 22

Multiple Choice
The following items were included in Castle City's General Fund expenditures for the year ended June 
How much should be classified as capital assets in Castle City's government-wide statement of net position at June 30?

The following items were included in Castle City's General Fund expenditures for the year ended June The following items were included in Castle City's General Fund expenditures for the year ended June   How much should be classified as capital assets in Castle City's government-wide statement of net position at June 30? A)  $0. B)  $6,000. C)  $20,000. D)  $26,000.
How much should be classified as capital assets in Castle City's government-wide statement of net position at June 30?


A) $0.
B) $6,000.
C) $20,000.
D) $26,000.

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