A City Issues $5 Million of Long-Term General Obligation Bonds

question 13

Multiple Choice

A city issues $5 million of long-term general obligation bonds to construct a new fire house.How and where should that transaction be recorded?

• A)as an other financing source in the debt service fund
• B)as a liability in the capital projects fund
• C)as a liability in the debt service fund
• D)as an other financing source in the capital projects fund

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Definitions:

Hallucinations

Perceptual experiences that occur without an external stimulus, such as seeing, hearing, or feeling something that isn't actually present.

Obsessions

Persistent and intrusive thoughts, images, or urges that cause distress or anxiety, often seen in disorders such as Obsessive-Compulsive Disorder (OCD).

Gathering

The act or process of collecting, bringing together, or assembling information, people, or resources.

Presenting Problem

The issue or concern that leads a client to seek professional help or advice, typically the focus of initial clinical assessment or consultation.