An Enterprise Fund Incurs $35,000 in Interest During the Current

question 31

Multiple Choice

An Enterprise Fund incurs $35,000 in interest during the current year related to its outstanding bonds. The $35,000 will be reported as

• A) Operating expenses.
• B) Non-operating expenses.
• C) Other financing uses.
• D) Capitalized interest because all interest must be capitalized in an Enterprise fund.