This topic contains a solution. Click here to go to the answer

Author Question: Government A had 7,000,000 of 5, six month bond anticipation notes outstanding at the end of the ... (Read 62 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
Government A had 7,000,000 of 5, six month bond anticipation notes outstanding at the end of the fiscal year.
 
  As of this date, the government has completed all legal procedures and the notes will be re-financed to a term of ten years the following month. The BAN liability reported in the Capital Projects Fund as of the end of the fiscal year should be
  a. 0
  b. 350,000
  c. 3,500,000
  d. 7,000,000

Question 2

What does the 2 in 2/10, n/30 mean?
 a. The credit period
   b. Discount taken if paid within 10 days
   c. Discount taken if paid within 30 days
   d. The due date



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

b




fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jul 6, 2018
Excellent


debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library