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Find the amount that the city should report as an obligation

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Question - Revenue bonds to fund improvements to the town-owned electric utility $50 million, Conduit bonds issued to assist a fast-food franchisee to construct a restaurant for $7 million,

Find the amount that the city should report as an obligation in its government-wide statement of net position and its proprietary funds balance sheet?

1. Government-Wide $57 million, Proprietary Fund $57 million

2. Government-Wide $50 million, Proprietary Fund $50 million

3. Government-Wide $ 0, Proprietary Fund $ 0

4. Government-Wide $57 million, Proprietary Fund $0

Reference no: EM132794593

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