Author Question: A governmental entity issued general obligation bonds with a face value of 10,000,000 and at a ... (Read 46 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
A governmental entity issued general obligation bonds with a face value of 10,000,000 and at a premium that totaled 100,000 for a governmental capital project.
 
  The General Long-Term Liability accounts would report total liabilities as of the end of the year of issuance of
  A. 0.
  B. 100,000.
  C. 10,000,000.
  D. 10,100,000.

Question 2

Internal control is a process designed to provide absolute assurance regarding achieving objectives in which of the following?
 a. efficiency and effectiveness of operations
  b. reliability of reporting
  c. compliance with applicable laws and regulations
  d. none of the above



randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library