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

Author Question: A government borrowed 20 million by issuing general obligation bonds to finance construction of a ... (Read 72 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jul 6, 2018
A government borrowed 20 million by issuing general obligation bonds to finance construction of a new airport terminal for its Airport Enterprise Fund.
 
  The bonds were issued at par, and the government intends to service the bonds from Enterprise Fund revenues. The proceeds of the bonds should be reported as
  a. An other financing source in the Enterprise Fund statement of revenues, expenses, and changes in net assets.
  b. Capital and related financing activities in the Enterprise Fund statement of cash flows.
  c. Revenues in the Enterprise Fund statement of revenues, expenses, and changes in net assets equity.
  d. Both items a and b are correct.

Question 2

The profit on merchandise sold before expenses is
 a. Gross Sales
  b. Gross Profit
  c. Net Sales
  d. Net Income


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

B


V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

The formation of covalent bonds The formation of covalent bonds
The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old. The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc
General Biology Vector Icon General Biology Vector Icon
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Earth 200 Million Years Ago Earth 200 Million Years Ago
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library