Author Question: Which of the following transactions would not be reported as expenditures in a Debt Service Fund? ... (Read 82 times)

K@ · **on:** Jul 6, 2018

Which of the following transactions would not be reported as expenditures in a Debt Service Fund?

a. Issuance costs incurred in a refunding bond issuance
b. Payments to escrow agents with resources from the General Fund
c. Arbitrage rebate
d. All of the above would potentially be reported as expenditures in a Debt Service Fund.
e. Both items b and c.

Question 2

The calculation of the cost of goods available for sale is not affected by the amount of the beginning merchandise inventory.
Indicate whether the statement is true or false