Question: The long-term liability for special assessment bond issues for which the city is not obligated in any manner should be recorded in a(an): A)Agency fund

The long-term liability for special assessment bond issues for which the city is not obligated in any manner should be recorded in a(an): A)Agency fund only B)Special assessment fund C)Agency fund and private-purpose trust fund D)None of the funds but should be disclosed in the notes to the financial statements. choose one correct answer and show me why

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