Question: If a bond ordinance provides for regular and recurring payments of interest and principal payments on a general obligation bond issue of a certain government
If a bond ordinance provides for regular and recurring payments of interest and principal payments on a general obligation bond issue of a certain government to be made from earnings of an enterprise fund and these payments are being made by the enterprise fund, how should the bond liability be disclosed in the comprehensive annual financial report of the government?
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The bonds should be shown as an enterprise fund liability ... View full answer
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