8. If a governmental unit makes no guarantees regarding repayment of a capital improvement special assessment bond issue, the liability for the bonds would a. not appear in the financial statements or...

8. If a governmental unit makes no guarantees regarding repayment of a capital improvement special assessment bond issue, the liability for the bonds would

a. not appear in the financial statements or in their notes.

b. not appear in the financial statements but would appear in the notes to the financial statements.

c. appear in the capital projects fund.

d. appear in the general long-term debt account group.