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Trapper City issued 30-year bonds for the purpose of building a new City Hall. The proceeds of the bonds are deposited in the General Fund.
Trapper City issued 30-year bonds for the purpose of building a new City Hall. The proceeds of the bonds are deposited in the General Fund. For the governmental fund financial statements, in what fund will Bonds Payable appear? Multiple Choice O General Fund. Internal service fund. O Permanent Fund. O Permanent Fund. Debt Service Fund. . Bonds Payable do not appear in governmental fund financial statements
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