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The town of Nizwa issued general obligation serial bonds at par to finance construction of several new streets in the town. Construction activity was accounted
The town of Nizwa issued general obligation serial bonds at par to finance construction of several new streets in the town. Construction activity was accounted for in a capital projects fund. On the date the general obligation serial bonds were issued, what account was credited in capital projects fund? Select one: Oa. Proceeds Bonds Payable Ob. Revenues c. Due to Debt Service Fund Od. None of the above
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