In Addition to a $3,000,000 Liability in the Government-Wide Statement

question 88

Multiple Choice

In addition to a $3,000,000 liability in the government-wide Statement of Net Assets, how would the bond sale be reported?

• A) As a $3,000,000 other financing source in the capital projects fund, a $60,000 other financing source in the debt service fund and as a $3,000,000 liability in the debt service fund
• B) As a $3,060,000 other financing source in the capital projects fund, a $ 60,000 other financing used in the capital projects fund, a $60,000 other financing source in the debt service fund
• C) As a $3,000,000 revenue in the capital projects fund, a $60,000 revenue in the debt service fund and a $3,000,000 expenditure in the debt service fund
• D) As a $2,950,000 revenue in the capital projects fund and a $50,000 revenue in the debt service fund

---

Definitions:

Job-Related

Activities, tasks, or responsibilities that are part of an individual's employment role or professional duties.

Skills

The abilities acquired through practice and education to perform tasks efficiently and effectively.

EKGs

Electrocardiograms, which are tests that measure the electrical activity of the heart to detect heart problems.

Aseptic Technique

A set of specific practices and procedures performed under carefully controlled conditions with the aim to minimize contamination by pathogens.