Answer:
D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur
Explanation:
This is the best answer to the question
Answer:
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Explanation:
Preparation of the Journal entries to record the transaction on the books of the debt service fund.
Based on the information given we were told that the Town of McHenry has the amount of $13,000,000 in general obligation bonds outstanding in which On July 1, 2017, a current refunding of the amount of $13,000,000 took place which means that the Journal entries to Record the transaction on the books of the service debt fund will be :
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Answer: account receivable
Explanation:
The forecast in sales growth will most likely affect growth of the account receivable. Accounts receivable refers to the amount that's due to a business for the goods or services that were delivered to.a customer but.habent been paid for. It's s current asset.
The sale growth forecast will have an effect on the account receivable. An increase in sales growth will ultimately lead to an increase in the accounts receivable which implies that there will be more customers buying on credit.
Answer:
C Housing prices in Country A will increase as wood imports become more expensive.
Explanation:
Since country A imports all wood from other countries, an increase in price of wood by suppliers means that they are now expensive. Country A will be paying much more money for the same amount of supply they imported before prices rose. This will lead to housing prices to increase as a way to pass over the costs to homebuyers and tenants through rising home prices and rents respectively.
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