Multiple Choice
Which of the following types of liabilities is least likely to appear in the balance sheet of a governmental-type fund?
A) amounts owed to suppliers of goods and services
B) amounts owed to bondholders over the entire 20-year life of a debt
C) amounts owed to other funds
D) amounts owed to employees for services performed before an accounting period ends
Correct Answer:
Verified
Correct Answer:
Verified
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