Gonzaga County, whose fiscal year ends 12/31/14, issued Bond Anticipation Notes (BANs) on 10/1/14 During February, 2015 before the 2014 financial statements were Issued, Gonzaga replaced the BANs with a 10 year Term Bond. On which of Gonzaga's 12/31/14 financial statements would a liability for the BANS appear?
…………….. Governmental Fund …………….. Government-Wide Statement
A) …………….. No ……………..………………………..….. No
B) …………….. No ……………..…………….……………... Yes
C) …………….. Yes ……………..…………………..……….. No
D) ……………. Yes ………………………..…..…………….. Yes

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D Liability for BANs would appear on both of Govern... View the full answer