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Author Question: Issuance of a short-term bond anticipation noteto provide temporary financing for a general ... (Read 145 times)

cherise1989

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on: Jul 5, 2018
Issuance of a short-term bond anticipation noteto provide temporary financing for a general government capital projectthat does not meet the requirements for treatment as long-term debt:
 
  A. does not increase fund balance of the Capital Projects Fund (CPF).
  B. increases fund balance of the CPF because they are issued in anticipation of issuing long-term debt.
  C. would affect the General Long-Term Liabilities (GLTL) list.
  D. would normally be repaid from a Debt Service Fund (DSF).

Question 2

Which of the following items is NOT included in reconciling the governmental funds operating statement information to the changes in net assets in the government-wide statement?
 
  a. Depreciation
  b. Amortization of bond premiums
  c. Expenditures for retirement of general long-term debt principal
  d. Increase in salaries payable


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bubulittle310@msn.cn

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

D


cherise1989

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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