A city issues five-year bonds payable to finance construction of a new school. What recording should be
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A city issues five-year bonds payable to finance construction of a new school. What recording should be made?
a. Report the liability in the government-wide financial statements; show an other financing source in the fund-based financial statements.
b. Report a liability in the government-wide financial statements and in the fund-based financial statements.
c. Show an other financing source in the government-wide financial statements and in the fund- based financial statements. LO9
d. Show an other financing source in the government-wide financial statements; report a liability in the fund-based financial statements.
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Related Book For 
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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