Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
A) The proprietary funds Statement of Net Assets only.
B) The government-wide Statement of Net Assets only.
C) The government-wide Statement of Net Assets and the proprietary funds Statement of Net Assets.
D) The government-wide Statement of Net Assets and the RSI Schedule of Bonds Payable.

Question

Quizplus · Accepted Answer

The long-term liability for revenue bonds paid from the revenues of an enterprise fund would be disclosed in both the government-wide Statement of Net Assets and the proprietary funds Statement of Net Assets.

Where in the CAFR Would One Find the Long-Term Liability