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garri49 [273]
3 years ago
8

In government-wide financial statements, the assets acquired under a capital lease would be reported at ____ (A) The total of al

l payments under the lease.(B) The present value of the required lease payments.(C) The undiscounted total of required lease payments.(D) They are not reported in the government-wide financial statements.
Business
1 answer:
maria [59]3 years ago
4 0

Answer:

(B) The present value of the required lease payments.

Explanation:

According to my research, government-wide statements organize information by whether it relates to governmental activities or business-type activities. Since a Capital Lease is basically a temporary transfer of complete ownership from one person to another then it would be reported at the present value of the required lease payments.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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