Author Question: A government issued short-term bond anticipation notes for a capital project. The notes are to be ... (Read 89 times)

fahad · **on:** Jul 5, 2018

A government issued short-term bond anticipation notes for a capital project. The notes are to be repaid from bond proceeds if the voters approve the bonds. The bond anticipation notes

A. Must be reported as debt of the Capital Projects Fund.
B. Must be reported as debt of the Capital Projects Fund if it is probable that the bond referendum will not pass.
C. Must be reported as debt of the Capital Projects Fund unless it is probable that the bond referendum will pass.
D. Must be reported as general long-term debt.

Question 2

Strategic managers use more information from outside the organization than do operations managers.
Indicate whether the statement is true or false