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Naps

M $-$aTes $=$ Cenges.

ctic al $4\mathrm{.}5$ separ

Final Exam $1$

Aa Beourt mas

Hele

Sevestion

Sutienth

issues five$-$year bonds payable to finance construction of a new school. What recording should be made?

Multiple Cholce

$0$

Report the liability in the government$-$wide financial statements. Show an other financing source in the fund financial statements.

Show an other financing source in the government$-$wide financial statements. Report a liability in the fund financial statements.

Show an other financing source in both the government$-$wide financial statements and the fund financial statements.

Report a liability in both the government$-$wide financial statements and the fund financial statements.