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Author Question: Cash withdrawals by owners decrease assets and increase equity. a. True b. False Indicate ... (Read 113 times)

vHAUNG6011

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on: Jul 6, 2018
Cash withdrawals by owners decrease assets and increase equity.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A government has 1,000,000 of 6, 10-year general obligation bonds outstanding. The bonds were issued on November 1, 20X7 to finance construction of a general capital asset. Interest is payable semiannually on November 1 and May 1 .
 
  The bonds also require an annual principal payment of 100,000 on May 1 . What amount of debt service expenditures should the government report for the year ended December 31, 20X8?
  a. 60,000
  b. 90,000
  c. 160,000
  d. 190,000


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irishcancer18

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

False

Answer to Question 2

C


vHAUNG6011

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

billybob123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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