Author Question: Purchase of capital assets by government colleges and universities engaged only in business would be ... (Read 111 times)

LaDunn · **on:** Jul 5, 2018

Purchase of capital assets by government colleges and universities engaged only in business would be reported as

A. Expenditures.
B. Transfers to capital assets.
C. Reclassifications.
D. Increases in capital assets.

Question 2

At least two accounts are affected by every transaction.
a. True
b. False
Indicate whether the statement is true or false