Author Question: A city levies a special property tax that is legally restricted to pay off the principal and ... (Read 73 times)

xroflmao

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A city levies a special property tax that is legally restricted to pay off the principal and interest on bonds issued to build the city's new police headquarters. Which fund should be used to account for the proceeds from the tax levy?
 
  A. Debt Service Fund.
  B. General Fund.
  C. Capital Projects Fund.
  D. General Long-Term Liabilities Fund.

Question 2

If information arrives too late to impact a decision then there is a problem with
 a. timeliness
  b. relevance
  c. completeness
  d. neutrality



briseldagonzales

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Answer to Question 1

A

Answer to Question 2

A



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