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

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Definitions:

Clinical Observation

The practice of assessing and monitoring patients in a healthcare setting, utilizing direct observation to inform diagnosis or treatment plans.

Direct Observation

A research method where phenomena are studied in their natural setting without manipulation.

Evolutionary Psychology

An approach in psychology that examines cognitive traits and behavior through the lens of evolutionary biology, proposing that many aspects of human psychology are the result of adaptive evolution.

Cognitive Psychology

A branch of psychology that explores internal mental processes such as problem solving, memory, learning, and language.