Which of the following funds of a governmental unit would account for long-term debt in the funds
Question:
Which of the following funds of a governmental unit would account for long-term debt in the fund’s accounts?
a. Special revenue
b. Capital projects
c. Internal service
d. General
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Answer The correct answer is b Capital projects Explanation In governmental accounting longterm debt ...View the full answer
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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