The Following Are Key Terms in Chapter 7 That Relate

Short Answer

The following are key terms in Chapter 7 that relate accounting for the business-type activities of state and local governments:
A.Customer advances for construction
B.Revenue bonds
C.Utility plant acquisition adjustment
D.Regulatory accounting principles
E.Original cost
F.Historical cost
G.General obligation bonds
For each of the following definitions,indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition.