Which of the following is not properly recorded in the governmental activities accounts?
A) Tax-supported general obligation bonds.
B) Obligations under leases used to finance general capital assets.
C) The long-term portion of judgments and claims.
D) Revenue bonds issued by an enterprise fund.

Question

Quizplus · Accepted Answer

Revenue bonds issued by an enterprise fund are not properly recorded in the governmental activities accounts because enterprise funds are reported separately from governmental activities. Therefore, revenue bonds issued by an enterprise fund will be recorded in the financial statements of that particular enterprise fund, not in the governmental activities accounts.

Which of the Following Is Not Properly Recorded in the Governmental