Trapper City Issued 30-Year Bonds for the Purpose of Building

Multiple Choice

Trapper City issued 30-year bonds for the purpose of building a new City Hall. The proceeds of the bonds are deposited in the General Fund. For the Fund-Based Financial Statements, in what fund will Bonds Payable appear?

A) General Fund.
B) Capital Projects Fund.
C) Permanent Fund.
D) Debt Service Fund.
E) Bonds Payable do not appear in Fund-Based Financial Statements.