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issued 30 year bonds for the purpose of building a new library. The proceeds of the bond are deposited in the General Fund. For the
issued 30 year bonds for the purpose of building a new library. The proceeds of the bond are deposited in the General Fund. For the Governmental Fund financial statements, in what fund will Bonds Payable appear ?
A.) General Fund | ||||||
B.) Internal Service Fund | ||||||
C.) Permanent Fund | ||||||
D.) Debt Service Fund | ||||||
E.) Bonds Payable do not appear On Governmental Fund Financial Statements | ||||||
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