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The City of Thomasville Had the Following Debt Outstanding

Question 79

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.

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