The bonds payable would be included in which component

Reference no: EM13215788

A government borrowed $20 million by issuing general obligation bonds to finance construction of a new airport terminal for its Airport Enterprise Fund. The bonds were issued at par, and the government intends to service the bonds from Enterprise Fund revenues. At year-end, none of the bond proceeds have been spent. The bonds payable would be included in which component of net assets of an Enterprise Fund?

Reference no: EM13215788

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