Author Question: If a government uses the modified approach in accounting for its infrastructure assets, which of the ... (Read 62 times)

amal · **on:** Jul 5, 2018

If a government uses the modified approach in accounting for its infrastructure assets, which of the following items properly will not appear in its government-wide statement of activities?

a. depreciation expense for any capital assets
b. interest expense for bonds issued to finance any capital assets
c. depreciation expense for infrastructure capital assets
d. interest expense for bonds issued to finance infrastructure capital assets

Question 2

When posting an adjusting entry to the general ledger, write
a. adjusting in the Posting Reference column.
b. adjusting in the Item column.
c. ledger in the general ledger.
d. balance in the work sheet.