1. When a capital lease of a governmental unit represents the acquisition of a general fixed asset, the acquisition should be reflected in fund financial statements as:

		A. An expenditure but not as an other financing source.
		B. Both an expenditure and an other financing source.
		C. Neither an expenditure nor an other financing source
		D. An other financing source but not as an expenditure.

2. A capital projects fund for a new city courthouse recorded a receivable of $300,000 for a state grant and a $450,000 transfer from the general fund. What amount should be reported as revenue by the capital projects fund?

		A. $0
		B. $300,000
		C. $450,000
		D. $750,000

3. Lake County received the following proceeds that are legally restricted for specified purposes:

Levies on affected property owners to install sidewalks $500,000

Gasoline taxes to finance road repairs $900,000

What amount should be accounted for in Lake 's capital projects funds?

		A. $1,400,000
		B. $900,000
		C. $500,000
		D. $0