Which of the following would not be an adjustment for long-term debt when preparing government-wide financial statements?

A. Amortizing bond premiums.
B. Changing Other Financing Sources - Proceeds of Bonds to an increase in Bonds Payable.
C. Changing Expenditures - Bonds Principle to a reduction of Bonds Payable.
D. Recording the cash received from a debt issue.


Answer: D

Business

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