Question: A $ 1 1 0 , 0 0 0 payment is made on a long - term liability. Of this amount, $ 1 0 ,

A $110,000 payment is made on a long-term liability. Of this amount, $10,000 represents interest. Which of the following is not true for the recording of this transaction?
Multiple Choice
Record a $110,000 expenditure in the fund financial statements.
Reduce liabilities by $100,000 in the government-wide financial statements.
Reduce liabilities by $100,000 in the fund financial statements.
Recognize $10,000 interest expense in the government-wide financial statements.
A $ 1 1 0 , 0 0 0 payment is made on a long -

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