QUESTION 50 Works of art and historical treasures purchased by the general fund should be reported as: an expenditure in the general fund. II. assets in the government-wide financial statements. I only Il only Both I and II Neither I nor II

Works of art and historical treasurespurchased by the general fund should be reported as: 1. an expenditure in the generalfund II. assets in the government-wide financ al statements Ionly: II only Both I and li Neither I nor