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goji.go goji.go
wrote...
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Posts: 5977
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9 years ago
A government has the following debt:
•   Capital lease liabilities (General Fund department leases)–$3,200,000.
•   Unfunded pension contributions (long-term) associated with general government employees–$1,000,000.
•   General government bonds that mature in the next fiscal year–$5,000,000.

What amount of debt should be reported in the General Long-Term Liabilities accounts?
A.   $1,000,000.
B.   $3,200,000.
C.   $4,200,000.
D.   $9,200,000.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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