The city of Philaburg arranged for a 10-year, $40 million loan to finance construction of a toll
Question:
The city of Philaburg arranged for a 10-year, $40 million loan to finance construction of a toll bridge over the Tradewater River. If the toll bridge is accounted for as an Enterprise Fund activity and a certain portion of the tolls collected is required to be set aside for maintaining the bridge, these resources should be accounted for in
a. a Debt Service Fund.
b. the General Fund.
c. the Toll Bridge Enterprise Fund.
d. a Capital Projects Fund.
e. None of the above.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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