Which of the following items should be accounted for in an Agency Fund when a special assessment

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Which of the following items should be accounted for in an Agency Fund when a special assessment project is financed by issuing special assessment debt for which the government is not obligated in any manner?

a. The bond proceeds and construction costs.

b. The debt service transactions.

c. The long-term debt issued.

d. The capital assets constructed or acquired.

e. None of the above.

f. All of the above.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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