This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A city has a long-term general government liability for compensated absences of 700,000 at the ... (Read 27 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jul 5, 2018
A city has a long-term general government liability for compensated absences of 700,000 at the beginning of the year and 650,000 at the end of the year.
 
  What adjustment is needed to the fund balance to reconcile the governmental funds balance sheet information to net position for governmental activities in the government-wide statement?
  A. (650,000).
  B. (50,000).
  C. 50,000.
  D. 700,000.

Question 2

A government has 1,000,000 of 6, 10-year general obligation bonds outstanding. The bonds were issued on August 15, 20X6 to finance construction of a general capital asset. Interest is payable semiannually on February 15 and August 15 .
 
  What is the maximum amount of interest expenditures that the government would be permitted to report on the bonds for 20X6?
  A. 0.
  B. 22,500.
  C. 30,000.
  D. 60,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

A


tfester

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Jul 5, 2018
Correct answers!


Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
Long-Term Potentiation Long-Term Potentiation
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Post-term birth rates, by province/territory, Canada Post-term birth rates, by province/territory, Canada
General Mathematics General Mathematics
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library