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Author Question: A Capital Projects Fund issued bonds during the year and incurred 135,000 of issuance costs. Also, ... (Read 113 times)

imanialler

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on: Jul 5, 2018
A Capital Projects Fund issued bonds during the year and incurred 135,000 of issuance costs. Also, the bonds were issued at a discount that totaled 100,000 . The governmental activities column will include
 
  a. expenses of 135,000
  b. expenses of 235,000
  c. unamortized deferred charges of 135,000
  d. unamortized deferred charges of 100,000
  e. unamortized deferred charges of 235,000

Question 2

The Drawings account is an example of an expense.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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Qarqy

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

E

Answer to Question 2

False


imanialler

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Reply #2 on: Jul 5, 2018
Thank you :)


Qarqy

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Reply #3 on: Jul 5, 2018
Happy to help you


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