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 Position only.
B) The government-wide Statement of Net Position only.
C) The government-wide Statement of Net Position and the RSI Schedule of Bonds Payable.
D) The government-wide Statement of Net Position and the proprietary funds Statement of Net Position.

Question

Quizplus · Accepted Answer

The long-term liability for revenue bonds paid from the revenues of an enterprise fund would be reported in both the government-wide Statement of Net Position and the proprietary funds Statement of Net Position. The information may also be included in the notes to the financial statements. The RSI Schedule of Bonds Payable may provide additional details on the bonds but is not the primary location for this information.

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