Which of the following describes how a governmental fund (e.g. general fund) accounts for a capital lease:
A) noncurrent liability
B) bond accounting
C) an asset and a lease liability
D) none of these identifies the appropriate way to account for a capital lease.

Question

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The Answer of Which of the following describes how a governmental fund (e.g. general fund) accounts for a capital lease:
A) noncurrent liability
B) bond accounting
C) an asset and a lease liability
D) none of these identifies the appropriate way to account for a capital lease.

Which of the Following Describes How a Governmental Fund (E