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Author Question: Sales Tax Payable is recorded on the books of the purchaser. a. True b. False Indicate whether ... (Read 115 times)

tiara099

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on: Jul 6, 2018
Sales Tax Payable is recorded on the books of the purchaser.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A governmental entity issued bond anticipation notes during the year for a major capital project. The bond anticipation notes were refinanced with long-term general obligation bonds before the end of the fiscal year.
 
  In the Capital Projects Fund year-end financial statements the governmental entity should report
  a. other financing sources.
  b. a fund liability.
  c. revenues.
  d. other financing uses.
  e. None of the above.


djofnc

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

A


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tiara099

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Reply #2 on: Jul 6, 2018
Correct answers!


djofnc

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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