The General Fund of the City of Plymouth purchased a police car in the amount of $28,000. Which of the following would be true?
A) The government-wide Statement of Activities would report an expense of $28,000.
B) The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances would report an expenditure of $28,000.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
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