The issuance of general long-term bonds is reported in the fund receiving the proceeds and in the business-type activities column of the government-wide statements.

Name: The issuance of general long-term bonds is reported in the fund receiving the proceeds and in the business-type activities column of the government-wide statements.
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Question

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The issuance of general long-term bonds is reported in the governmental activities column of the government-wide statements, not in the business-type activities column.

The Issuance of General Long-Term Bonds Is Reported in the Fund