This is a regional government's expenditure whose benefits exceed one fiscal year and will augment regional assets or assets in the form of infrastructure, equipment, and other fixed assets. a. Capital expenditure b. Consumption c. Utilization d. Transfer payments

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 1MC: A donated fixed asset (from a governmental unit) for which the fair value has been determined should...
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1. This is a regional government's expenditure whose benefits exceed one fiscal year and will augment regional assets or assets in the form of infrastructure, equipment, and other fixed assets.

a. Capital expenditure

b. Consumption

c. Utilization

d. Transfer payments

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