Agovernment has the following liabilities at the end of the year:
general obligation bonds $1...
Business, 19.12.2019 06:31, Megcuttie101
Agovernment has the following liabilities at the end of the year:
general obligation bonds $1,500,000
compensated absences 120,000
salaries payable 40,000
what amount of liabilities should be reported in the governmental activities column of the
government-wide statement of net position?
a. $40,000
b. $160,000
c. $1,540,000
d. $1,660,000
Answers: 2
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