**PLEASE SHOW CORRECT ANSWER** IGNORE BUBBLE, IS MY GUESS. NEED ASAP!!

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Which of the following statements is correct with respect to general long-term debt? Multiple Choice Long-term debt is recorded in the individual funds, but not the government-wide statements. Since interest is accrued in the Debt Service Fund, no additional accrual necessary when converting to the government-wide basis. General long-term debt includes the noncurrent portion of capital lease arrangements, compensated absences and net pension obligation but not the principal portion of unmatured bonds. Required disclosures for the government-wide statements include the Schedule of Changes in Long-term Debt and Schedule of Debt Service Requirements. On April 1, 2020, a local government issued bonds in the amount of $1,500,000. The bonds were issued at par and carried an interest rate of 4%, payable October 1 and April 1. When moving from the change in fund balances in the Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in Net Position in the governmental funds' column of the Statement of Activities, both for the fiscal year ended June 30, 2020, the effect for the interest accrual only would be: Multiple Choice An increase of $30,000. A decrease of $15,000. O A decrease of $30,000. O O O An increase of $15,000