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Author Question: Processes that handle other-than-normal situations are called exception routines. Indicate whether ... (Read 41 times)

olgavictoria

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on: Jul 5, 2018
Processes that handle other-than-normal situations are called exception routines.
  Indicate whether the statement is true or false

Question 2

Apex County advance refunded 3,000,000 of outstanding bonds. 2,500,000 was financed with net refunding bond proceeds and the remaining 500,000 was transferred from the General Fund.
 
  The county incurred 35,000 of bond issuance costs when issuing the refunding bonds. Which of the following statements about the reporting of these transactions in the Debt Service Fund is not true? The Debt Service Fund financial statements would report
  A. 2,500,000 of other financing uses.
  B. Expenditures of 535,000.
  C. Transfers in of 500,000.
  D. Net other financing sources of 500,000.


ashely1112

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

T

Answer to Question 2

D


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