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 90 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
Thanks for the timely response, appreciate it

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

A double bond between two oxygen atoms A double bond between two oxygen atoms
Directionality of the hydrogen bond Directionality of the hydrogen bond
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
Members of the British Punitive Expedition to Benin City Members of the British Punitive Expedition to Benin City
Covalent bond- carbon rings Covalent bond- carbon rings
December 1, 2023 December 1, 2023
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library