How is the issuance of a long-term bond reported on fund financial statements for a governmental fund?

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How is the issuance of a long-term bond reported on fund financial statements for a governmental fund? How is the issuance of a long-term bond reported on government-wide financial statements?

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Question Posted: Jul 23, 2020 09:07 AM

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How is the issuance of a long-term bond reported on fund financial statements for a governmental fund?

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No revenues are recognized in either set of financial statements because th...View the full answer

Advanced Accounting

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