3 years ago

Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?

Business

1 answer:

Fed [463]3 years ago

6 0

Answer:

C. The government-wide Statement of Net Position and the proprietary funds Statement of Net Position

Explanation:

CAFR ( Comprehensive Annual Financial reporting ) is provides accurate, summarised, and meaningful information. There are three sections of this reporting as below.

Introduction
Financial
Statistical

In government-wide statement, The capital is reported on the net basis on financial statements.

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