In Addition to a $5,000,000 Liability in the Government-Wide Statement

question 141

Multiple Choice

In addition to a $5,000,000 liability in the government-wide Statement of Net Position, how would the bond sale be reported?

• A) As a $4,968,750 revenue in the capital projects fund and a $50,000 revenue in the debt service fund.
• B) As a $5,050,000 other financing source in the capital projects fund, a $50,000 other financing use in the capital projects fund, and a $50,000 other financing source in the debt service fund.
• C) As a $5,000,000 other financing source in the capital projects fund, a $50,000 other financing source in the debt service fund, and as a $5,000,000 liability in the debt service fund.
• D) As a $5,000,000 revenue in the capital projects fund, a $50,000 revenue in the debt service fund, and a $5,000,000 expenditure in the debt service fund.

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Definitions:

Acetylcholine

A neurotransmitter in the brain and body that plays an important role in muscle activation, and memory and attention processes.

Neurotransmitter

Chemical messengers in the brain that transmit signals between neurons, playing a crucial role in regulating bodily functions and mood.

Anxiolytics

Medications designed to reduce anxiety and its related disorders, acting on the central nervous system.

Pharmacodynamics

The branch of pharmacology dealing with the effects of drugs and the mechanisms of their action in the body, including drug-receptor interactions.