Caraway County financed its new $6,000,000 courthouse by issuing general obligation bonds. In the year financing was secured and construction began, the fund(s) and/or nonfund fund accounts that would most likely be affected would be

A. The General Fund only.
B. The Capital Projects Fund only.
C. The General Fund, General Capital Assets Accounts, and the General Long-Term Liability Accounts.
D. The Capital Projects Fund, General Capital Assets Accounts, and the General Long-Term Liability Accounts.

D

Business

You might also like to view...

Which of the following statements pertaining to variable life insurance is CORRECT?

A) The benefits of variable life insurance vary according to the amount of premiums paid. B) With a variable life insurance policy, the insurance company assumes the investment risk. C) In a variable life insurance policy, cash values and the death benefit are not guaranteed. D) Variable life insurance cannot be proposed in a sales situation unless the proposal is preceded or accompanied by a prospectus."

Business

Demographic segmentation is based on measurable characteristics of populations which includes all of the following examples except:

A) Asia is home to 500 million consumers aged 16 and younger. B) India has more than half of the population younger than 25. C) Consumers that buy Porsches would like to be noticed. D) The United States is home to 28.4 million foreign-born residents with combined income of $ 233 billion. E) In the EU, the number of consumers aged 16 and under is rapidly approaching consumers aged 60.

Business