A deficit unassigned fund balance was reported in a city Capital Projects Fund balance sheet. Which of the following explanations for the deficit is not plausible?
A. The city financed a substantial portion of the project in the previous year.
B. The city financed current year expenditures by issuing bond anticipation notes that are not general long-term liabilities.
C. The city entered into a two-year construction contract. Transfers from the General Fund will be made each year to cover actual expenditures.
D. The city had a large assigned fund balance.
Question 2
An adjusting entry would adjust an expense account so the expense is reported when incurred.
a. True
b. False
Indicate whether the statement is true or false
Like all animals, primates must balance their calories expended searching for food with calories, pr
Pablo Picasso, Guitar, Sheet Music, and Wine Glass.
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Nitrogen Balance and Imbalance
Natural Capital versus GDP per Capita
Victims of police-reported intimate partner violence 2017 to 2018