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9) What is the effect on the General Funds unreserved fund balance when capital assets are purchased during a year from General Fund revenues? A.
9) What is the effect on the General Funds unreserved fund balance when capital assets are purchased during a year from General Fund revenues? A. There is no effect, since one asset (cash) is replaced by another (capital asset) B. Unreserved fund balance is decreased C. Unreserved fund balance is increased D. None of the above, capital assets must be purchased through a capital projects fund
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
