Capital Improvements Which Are Financed by Special Assessment Debt for Which

question 53

Multiple Choice

Capital improvements which are financed by special assessment debt for which the government is obligated in some manner would be recorded in the General Fixed Assets Account Group as a(n)

• A)​debit to Expenditures.
• B)debit to Assets for the portion owned by the government.​
• C)​investment in General Fixed Assets--Capital Project Funds.
• D)​Bonds Payable.

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