A Governmental Entity Operates Landfill

Multiple Choice

A governmental entity operates landfill.In the Landfill Enterprise Fund financial statements, which of the following would be reported as a restricted asset?

A) Cash received from the sale of bonds that must, based on the debt covenant, be spent only on building a new landfill runoff treatment plant.
B) Cash that management has voted to use only for landfill expansion.
C) Cash received from the General Fund that will be used only to expand the landfill.
D) None of the above.