A government has the following debt:
• Capital lease liabilities (General Fund department leases)–$3,200,000.
• Unfunded pension contributions (long-term) associated with general government employees–$1,000,000.
• General government bonds that mature in the next fiscal year–$5,000,000.
What amount of debt should be reported in the General Long-Term Liabilities accounts?
A. $1,000,000.
B. $3,200,000.
C. $4,200,000.
D. $9,200,000.
D
You might also like to view...
Companies who limit the use of mobile technology, both internally and externally, stand the best chance of capitalizing on the way people communicate
Indicate whether the statement is true or false.
How do service facility location decisions differ from industrial location decisions in terms of the techniques used to analyze them?
What will be an ideal response?