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 91 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

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
This 11-month old girl demonstrates one of the abilites of a child of this age group - creating a to This 11-month old girl demonstrates one of the abilites of a child of this age group - creating a to
(A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th (A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
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, ...
New year kid drawing New year kid drawing
Video: Cataract

For a complete list of videos, visit our video library