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The City of Sheehanton issued bonds to fund the construction of a new high school. The City of Sheehanton should account for the proceeds from

The City of Sheehanton issued bonds to fund the construction of a new high school.

The City of Sheehanton should account for the proceeds from the bond in a fund that uses:

Multiple Choice

  • Current Financial Resources Measurement Focus and Full Accrual Accounting

  • Economic Resources Measurement Focus and Modified Accrual Accounting

  • Economic Resources Measurement Focus and Full Accrual Accounting

  • Current Financial Resources Measurement Focus and Modified Accrual Accounting

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