Multiple Choice
Which of the following is not properly recorded in the governmental activities accounts?
A) Tax-supported general obligation bonds.
B) Obligations under capital leases used to finance general capital assets.
C) The long-term portion of judgments and claims.
D) Revenue bonds issued by an enterprise fund.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: All special assessment debt should be reported
Q3: Since the debt of a government is
Q4: Which of the following statements regarding debt
Q7: Under a bond refunding, the proceeds of
Q8: When the debt service fund makes a
Q10: On March 2,2016,20-year,6 percent,general obligation serial bonds
Q13: The use of long-term debt is a
Q14: The purpose of a sinking fund is
Q28: The General Fund of the City of
Q29: Debt service fund activities are reported as