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

Author Question: The county issued a six-month, 6, 200,000 bond anticipation note on October 1, 20X7, to provide ... (Read 78 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jul 5, 2018
The county issued a six-month, 6, 200,000 bond anticipation note on October 1, 20X7, to provide temporary financing for a police station construction project. The voters have not approved the bonds, but approval is expected before year-end.
 
  The county government was billed 150,000 during the year for construction costs on its capital project and 125,000 was paid. The government should report Capital Projects Fund expenditures for the year ended December 31, 20X7 of
  A. 125,000.
  B. 150,000.
  C. 153,000.
  D. 162,000.

Question 2

Owner's equity will be reduced by the amount in the drawing account.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

True


lunatika

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jul 5, 2018
Correct answers!


coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Gallbladder with gallstones. Note the stones in the hepatic duct, gallbladder, and common bile duct. Gallbladder with gallstones. Note the stones in the hepatic duct, gallbladder, and common bile duct.
One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ... One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ...
Gram-stained cervical smear. Note the gram-negative diplococci Neisseria gonorrhoeae ... Gram-stained cervical smear. Note the gram-negative diplococci Neisseria gonorrhoeae ...
Hydrogen-bond donors and acceptors in water Hydrogen-bond donors and acceptors in water
Comparison of C-C bond cleavage in transketolase and transaldolase reactions Comparison of C-C bond cleavage in transketolase and transaldolase reactions
Many hunger-relief programs work to provide food aid to needy nations Many hunger-relief programs work to provide food aid to needy nations
Video: Ear Animation

For a complete list of videos, visit our video library