Explain why proceeds from long-term borrowings for General Fund purposes from external lenders are reported as Other

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Explain why proceeds from long-term borrowings for General Fund purposes from external lenders are reported as Other Financing Sources but proceeds from similar short-term borrowings are not.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:50 AM

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Explain why proceeds from long-term borrowings for General Fund purposes from external lenders are reported as Other

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Longterm general government liabilities would not b...View the full answer

Governmental and Nonprofit Accounting

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