The proceeds of a long-term bond issue were used by a county to acquire general fixed assets

The proceeds of a long-term bond issue were used by a county to acquire general fixed assets.

The long-term liability is recorded

a. only in the general long-term debt account group.

b. only in the general fund.

c. both in the general fund and in the general long-term debt account group.

d. in the appropriate governmental fund, depending on the nature of the asset involved.

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