Business
Business, 06.03.2020 19:15, dhcuajbfrhcyx

Tinsel Town had the following long-term liabilities at year-end: Revenue bonds to be repaid from tolls collected by the super highway enterprise fund $250,000 and General obligation bonds issued for the Tinsel Town water utility, which will service the debt $200,000. What amount should be recorded as long-term liabilities in the proprietary fund financial statements?a. $0. b. $200,000. c. $250,000. d. $450,000.

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Tinsel Town had the following long-term liabilities at year-end: Revenue bonds to be repaid from tol...

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