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

Author Question: At what point should interest be recognized as an expenditure in a Debt Service Fund? a. when it ... (Read 64 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jul 5, 2018
At what point should interest be recognized as an expenditure in a Debt Service Fund?
 
  a. when it accrues
  b. when it is paid
  c. when it is due and payable
  d. when the bonds resulting in payment of interest are issued

Question 2

Which one of the fixed asset accounts listed below will not have a related contra asset account?
 a. Office Equipment
  b. Land
  c. Delivery Equipment
  d. Building


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

b


ap345

  • Member
  • Posts: 537
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

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?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Two-point linear perspective. Two-point linear perspective.
When the service work is completed, the hoist should be raised slightly and the safety released ... When the service work is completed, the hoist should be raised slightly and the safety released ...
What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ... What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library