The design of a cash payments journal can help the accountant ...

[LaDunn]

The design of a cash payments journal can help the accountant reduce the number of postings required.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A government has the following general government capital assets:
 
   Streets and roads--17,000,000
   Buildings--20,000,000
   Equipment--4,000,000
   Assets acquired under capital leases--1,000,000
 
  What is the minimum amount of general capital
 
  assets the government may report under GAAP?
  a. 42 million
  b. 41 million
  c. 25 million
  d. 24 million

[rachel]

Answer to Question 1

True

Answer to Question 2

A

[LaDunn]

Gracias!

[amandanbreshears]

Thanks for the timely response, appreciate it