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Author Question: A transaction in which a government issues general obligation bonds to finance the construction of a ... (Read 79 times)

Garrulous

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on: Jul 6, 2018
A transaction in which a government issues general obligation bonds to finance the construction of a new police station would
 
  A. Increase liabilities in a Debt Service Fund.
  B. Increase liabilities in a Capital Projects Fund.
  C. Decrease fund balance in a Debt Service Fund.
  D. Increase fund balance in a Capital Projects Fund.

Question 2

Earning revenue
 a. increases assets, increases owner's equity
  b. increases assets, decreases owner's equity
  c. increases one asset, decreases another asset
  d. decreases assets, increases liabilities


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Awesome

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Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

a


Garrulous

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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