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 financial statements.
b. Report a liability in the government-wide financial statements and in the fund financial statements.
c. Show an other financing source in the government-wide financial statements and in the fund financial statements.
d. Show an other financing source in the government-wide financial statements; report a liability in the fund financial statements.
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The correct option is a Report the liability in the governmentwide financial statement...View the full answer
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Muhammad Imtiaz Rasool
Teaching profession brings with it lots of duties and challenges.
When I completed my Bachelor's Degree. So I entered this profession.
I am in this profession of teaching in a School for about 2 years. Every time whenever I am going to teach a class as a part of this noble profession .I am learning also. I am trying consistently ....how to represent, interpret, summarize and rethink about the whole concept I wish to teach or rather inspire my students in a specific period of time assigned to me.
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