Multiple Choice
The City of Thomasville had the following debt outstanding:
General obligation bonds to be paid from a debt service fund $2,900,000
General obligation bonds to be paid from utility revenues $3,100,000
Revenue bonds to be paid from utility revenues $3,400,000
The amount that should be shown as debt in the utility enterprise) fund would be:
A) $9,400,000.
B) $6,500,000.
C) $3,400,000.
D) $3,100,000.
Correct Answer:

Verified
Correct Answer:
Verified
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