Under the Dual-Track Accounting Approach Used in the Text,which of the Following

question 58

Multiple Choice

Under the dual-track accounting approach used in the text,which of the following transactions or events would be recorded in the general journal for governmental activities at the government-wide level?

• A)Recording the annual budget,property tax levy,and payroll.
• B)Recording the property tax levy,issuance of tax anticipation notes,and accrual of interest on long-term debt at year-end.
• C)Recording the property tax levy,payroll,and encumbrances for purchase orders.
• D)Recording the property tax levy,encumbrances for purchase orders,and payment of interest on long-term debt.

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