castrol9623 castrol9623

12-02-2020
Business

contestada

Since long-term liabilities are not recorded in the governmental funds, payments of debt principal are recorded as expenditures, rather than reductions of outstanding liabilities. True or False

Respuesta :

Alehando Alehando

13-02-2020

Answer: True

Explanation:

Since long-term liabilities are not recorded in the governmental funds, payments of debt principal are recorded as expenditures, rather than reductions of outstanding liabilities.

Capital project funds and Debt service funds, in particular, are used to acquire major capital assets and to issue and service long-term debt.

Answer Link

Otras preguntas

Bronchitis is an infection which affects the bronchi. Bronchitis is an illness of the ___.

explain three things you will not do when driving.

What kind of food would we have if there weren't europeans?

How did the peace settlements change Europe, and what were the long-term effects?

A customer who wanted to directly transfer funds from his or her bank account to a retailer's bank account would use a(n) automated teller machine. electronic

What constitutional issues were raised by federal policies during the war?

Solve A=LW for A if L=12m and W=6m.

Three ways plants adapt to their environment

As a kinesthetic learner, a student should rely on which of the following during study times?

A graduated cylinder if filled with water to a level of 40.0 mL. when a piece of paper of copper is lowered into the cylinder , the water level rises to 63.4mL.