Tinsel Town had the following long-term liabilities at year end:
Revenue bonds to be repaid from tolls collected by the superhighway enterprise fund - $250,000
General obligation bonds issued for the Tinsel Town water utility, which will service the debt - $200,000
What amount should be recorded as long-term liabilities in the proprietary fund financial statements?
a. $0.
b. $200,000.
c. $250,000.
d. $450,000. d. $450,000.