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Author Question: A transaction in which a government issues general obligation bonds to finance the construction of a ... (Read 81 times)

Garrulous

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A transaction in which a government issues general obligation bonds to finance the construction of a new police station would
 
  A. Increase liabilities in a Debt Service Fund.
  B. Increase liabilities in a Capital Projects Fund.
  C. Decrease fund balance in a Debt Service Fund.
  D. Increase fund balance in a Capital Projects Fund.

Question 2

Earning revenue
 a. increases assets, increases owner's equity
  b. increases assets, decreases owner's equity
  c. increases one asset, decreases another asset
  d. decreases assets, increases liabilities



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Awesome

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Answer to Question 1

D

Answer to Question 2

a




Garrulous

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)


jamesnevil303

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Reply 3 on: Yesterday
Wow, this really help

 

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