Hi all, doing some studying and struggling with this question. I think the answer is C, but I am not positive. Municipality issues general obligation serial bonds for construction of a fire station. Requires reporting recognition in: a. General Fund b. Capital Projects Fund and General Fund c. Capital Projects Fund and Gov-wide Statements d. General Fund and Gov-wide statement e. None of above
Governmental accounting recognition question
Answers
The answer is: Capital Projects fund and the General Capital Assets and General Long-term Liabilities accounts
This according to:https://quizlet.com/93296572/gnp-chapter-2-flash-cards/
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Accounting