Which of the Following Is True Regarding the Recording of Long

question 27

Multiple Choice

Which of the following is true regarding the recording of long term debt in an enterprise fund?

• A) When revenue bonds are sold at par, Cash is debited and Bonds Payable is credited.
• B) The bonds would be reported in both an enterprise fund and in the government-wide statements.
• C) Both of the above.
• D) Neither of the above.

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