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3.A city government holds a six-year capital lease...

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3.A city government holds a six-year capital lease for property being used within the General Fund.Minimum lease payments total $70,000 starting next year but have a current present value of $49,000. What is the total amount of other financing sources to be recognized on the fund-based financial statements over this six-year period? a. $?0?. b. $49,000. c. $70,000. d. $119,000

 

Paper#8386 | Written in 18-Jul-2015

Price : $25
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