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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 4: Accounting for Governmental Operating Activitiesillustrative Transactions and Financial Statements
  5. Question
    Which of the Following Should Not Be Reported as a Liability
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Which of the Following Should Not Be Reported as a Liability

Question 20

Question 20

Multiple Choice

Which of the following should not be reported as a liability of the General Fund?


A) General obligation bonds payable (due in 10 years) .
B) Vouchers payable.
C) Tax anticipation notes payable.
D) Due to federal government.

Correct Answer:

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