Long-term debt to be paid from proprietary funds is reported as a liability in:

Multiple Choice

• neither the proprietary fund Statement of Net assets (or Net Position) nor the government-wide Statement of Net assets (or Net Position).

• the government-wide Statement of Net assets (or Net Position).

• the proprietary fund Statement of Net assets (or Net Position).

• both the proprietary fund Statement of Net assets (or Net Position) and the government-wide Statement of Net assets (or Net Position).