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CO The liability for general obligation bonds issued for the benefit of a governmentally owned electric utility and serviced by its earnings should
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17.

The liability for general obligation bonds issued for the benefit of a governmentally owned electric utility and serviced by its earnings should be recorded in:

a.The governmental activities accounts.b.An enterprise fund and disclosed in the notes to the financial statements.c.An enterprise fund.d.An enterprise fund and the business-like activities accounts.
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Subject: Accounting, Business

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