Under the Dual-Track Accounting Approach Used in the Text,which of the Following

Multiple Choice

Under the dual-track accounting approach used in the text,which of the following transactions or events would be recorded in the general journal for governmental activities at the government-wide level?

A) Recording the annual budget,property tax levy,and payroll.
B) Recording the property tax levy,issuance of tax anticipation notes,and accrual of interest on long-term debt at year-end.
C) Recording the property tax levy,payroll,and encumbrances for purchase orders.
D) Recording the property tax levy,encumbrances for purchase orders,and payment of interest on long-term debt.