A city issues a 60-day tax anticipation note to fund operations until taxes have been collected. What recording should it make?

  a. The liability should be reported in the government-wide financial statements; an other financing source should be shown in the fund financial statements.
  b. A liability should be reported in the government-wide financial statements and in the fund financial statements.
  c. An other financing source should be shown in the government-wide financial statements and in the fund financial statements.
  d. An other financing source should be shown in the government-wide financial statements; a liability is reported in the fund financial statements.