Author Question: Ashley Woods Village issued 4,000,000 in general obligation bonds to finance the widening of a local ... (Read 61 times)

j.rubin · **on:** Jul 6, 2018

Ashley Woods Village issued 4,000,000 in general obligation bonds to finance the widening of a local thoroughfare. This transaction will most likely

A. Increase fund balance in the General Fund by 4,000,000.
B. Decrease fund balance in the General Fund by 4,000,000.
C. Increase fund balance in the Capital Projects Fund by 4,000,000.
D. Decrease fund balance in the Capital Projects Fund by 4,000,000.

Question 2

Actual costing helps managers get information earlier and take corrective measures to improve labor efficiency.

Indicate whether this statement is true or false.