Section ___________________ ___________ of the Sarbanes-Oxley Act of 2002 requires disclosure to the public on a rapid and current basis of material changes in an organization's financial condition.
Fill in the blank(s) with correct word
Question 2
A government entered into a general government capital lease for equipment during the year. The capitalizable cost of the equipment was 400,000 . A down payment of 40,000 was made.
The General Fund should report in its statement of revenues, expenditures, and changes in fund balance an
A. Other financing use of 400,000.
B. Expenditure of 360,000.
C. Other financing source of 400,000.
D. Other financing source of 360,000.
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