1. A government issues 10-year bonds to finance construction of an addition to city hall. The bonds...
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Question:
1. A government issues 10-year bonds to finance construction of an addition to city hall. The bonds payable should be reported in the
Capital Projects Fund | ||
General Long-Term Liabilities accounts | ||
General Capital Asset accounts | ||
General Fund |
2. The governmental GAAP hierarchy was established by
The Governmental Accounting Standards Board (GASB) | ||
The American Institute of Certified Public Accountants (AICPA) | ||
The Financial Accounting Standards Board (FASB) | ||
The Government Accountability Office (GAO) |
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date: