Ask Question
9 March, 00:17

The liability for special assessment bonds for which the city is not obligated in any manner should be recorded in a:

A) Debt service fund general journal

B) Agency fund general journal

C) Governmental activities general journal

D) None of the fund or governmental activities general journals, but should be disclosed in the notes to the financial statements

+4
Answers (1)
  1. 9 March, 00:44
    0
    D. None of the fund or governmental activities general journals, but should be disclosed in the notes to the financial statements.

    Explanation:

    The liability for special assessment bonds for which the city is not obligated in any manner should be recorded in none of the fund or governmental activities general journals, but should be disclosed in the notes to the financial statements.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The liability for special assessment bonds for which the city is not obligated in any manner should be recorded in a: A) Debt service fund ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers