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    Essentials of Accounting Study Set 1
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    Exam 2: Overview of Financial Reporting for State and Local Governments
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    Long-Term Debt Paid from Proprietary Funds Is Reported as a Liability
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Long-Term Debt Paid from Proprietary Funds Is Reported as a Liability

Question 58

Question 58

Multiple Choice

Long-term debt paid from proprietary funds is reported as a liability in


A) The proprietary fund Statement of Net Assets
B) The government-wide Statement of Net Assets
C) Both A and B
D) Neither A nor B

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