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

Author Question: The City of Bamberg, which has a fiscal year end of December 31, issued a nine month 1,000,000 bond ... (Read 83 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jul 5, 2018
The City of Bamberg, which has a fiscal year end of December 31, issued a nine month 1,000,000 bond anticipation note on July 1 . The city is planning to renew or re-issue the bond anticipation notes for another six month period when they mature.
 
  What would the Capital Projects Fund liability for the note be on December 31?
  A. 0.
  B. 500,000.
  C. 1,000,000.
  D. 2,000,000.

Question 2

Which of the following transactions would notbe reported as an expenditure in a Capital Projects Fund?
 
  A. Payment of construction costs.
  B. Bond issue costs.
  C. Bond discounts.
  D. Insurance on short-term debt issued to finance capital project.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

C


joe

  • Member
  • Posts: 627
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Directionality of the hydrogen bond Directionality of the hydrogen bond
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Chinese new year 2023 Chinese new year 2023
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library