If a Governmental Fund Issues Debt to Finance a Capital

question 41

Multiple Choice

If a governmental fund issues debt to finance a capital acquisition, how should the proceeds of the debt be recorded?

• A) Long-term liability.
• B) Revenue.
• C) Other financing source.
• D) Not reported by the governmental fund; only reported at the government-wide level.

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Definitions:

Face Recognition

The cognitive process and technological capability to identify or confirm an individual's identity using their facial features.

Nervous System Ages

The process of aging affecting the nervous system, potentially leading to decreased neuron function and cognitive decline.

Cutaneous Sensation

A type of sensory experience that originates from the skin, including touch, pressure, heat, cold, and pain.

Reflexes

Automatic, involuntary responses to certain stimuli that do not involve conscious thought, serving protective roles, such as blinking or withdrawal from pain.