All the long-term debt of a government, including the long-term debt that will be financed by Enterprise Fund revenues, is reported in the fund-level financial statements.

Question

Quizplus · Accepted Answer

Enterprise Fund long-term debt is reported in the fund financial statements, but general long-term debt is not. General long-term debt is reported only in the government-wide statements.

All the Long-Term Debt of a Government, Including the Long-Term