Which of the following may be accounted for either as a fund liability or a general longterm

Question:

Which of the following may be accounted for either as a fund liability or a general longterm liability?

a. Bond anticipation notes.

b. Grant anticipation notes.

c. Tax anticipation notes.

d. Revenue anticipation notes.

e. All of the above may be accounted for either as a fund liability or as a general long-term liability.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

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,

Question Posted: