[Answered] A governmental entity is funding a capital project with the issuance of general obligation bonds, as ...

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clippers!

Hero Member
Posts: 828

on: Jul 5, 2018

A governmental entity is funding a capital project with the issuance of general obligation bonds, as well as a federal grant. The grant would be reported on the operating statement as

A. An other financing source.
B. A revenue.
C. A nonoperating revenue.
D. An other financing use.

Question 2

What is the posting reference that will be found in the cash account?
a. 11
b. 15
c. 3
d. 13

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aloop

Sr. Member
Posts: 315

Reply #1 on: Jul 5, 2018

Answer to Question 1

B

Answer to Question 2

c

clippers!

Hero Member
Posts: 828

Reply #2 on: Jul 5, 2018

Thank you

aloop

Sr. Member
Posts: 315

Reply #3 on: Jul 5, 2018

No problemo

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Author Question: A governmental entity is funding a capital project with the issuance of general obligation bonds, as ... (Read 67 times)

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