Part of the General Obligation Bond Proceeds from a New

question 11

Multiple Choice

Part of the general obligation bond proceeds from a new issuance was used to pay for the cost of a new city hall as soon as construction was completed. The remainder of the proceeds was transferred to repay the debt. Entries are needed to record these transactions in the:

• A) general fund and capital projects fund.
• B) general fund and debt-service fund.
• C) trust fund and debt-service fund.
• D) debt-service fund and capital projects fund.

---

Definitions:

Economic Structures

The organization and interrelationship of different economic sectors and institutions within a society, shaping the distribution of resources and wealth.

Microsociologist

A sociologist specializing in the study of the social processes and interactions that occur in small group settings, focusing on the nuances of human behavior and social dynamics.

Conversation Patterns

Refers to the structured ways in which people exchange information, ideas, or thoughts through verbal or non-verbal communication.

Sociologist

A social scientist who studies the development, structure, and functioning of human society and the dynamics of social relationships.