Bond anticipation notes are a. always short-term liabilities ...

[luvbio]

Bond anticipation notes are
 
  a. always short-term liabilities of the fund until the bonds are issued.
  b. always general long-term liabilities.
  c. sometimes treated as fund liabilities even if they have a long-term maturity.
  d. sometimes treated as general long-term liabilities even if they have a term of one year or less.

Question 2

If merchandise is bought with a list price of 2,800, subject to a 30 percent trade discount and a cash discount of 2/10, n/30, the amount debited to Purchases is 1,920.80.
 a. True
   b. False
   Indicate whether the statement is true or false

[s.meritte]

Answer to Question 1

D

Answer to Question 2

False

[luvbio]

Excellent

[tkempin]

Thanks for the timely response, appreciate it