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White raven [17]
3 years ago
13

Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "ot

her financing sources" and as a liability in the governmental activities journal.A. TRUEB. FALSE
Business
1 answer:
Genrish500 [490]3 years ago
6 0

Answer:

The correct answer is letter "A": True.

Explanation:

In governmental accounting, capital project fund is used to record the resources necessary for major capital assets which are those expected to generate value over the long-run such as <em>buildings, machinery, </em>and<em> vehicles</em>. <em>Current liabilities</em> derived from the capital assets are recognized by capital fund but<em> long-term liabilities </em>are recorded in the governmental activities journal.

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A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is
natulia [17]

Answer:

n = 40

i = 3% (semiannual)

face value = $80 million

coupon payment = $2,000,000

market price:

PV of face value = $80 / (1 + 3%)⁴⁰ = $24.52 million

PC of coupon payments = $2 x 23.115 (PV annuity factor, 3%, 40 periods) = $46.23 million

market value = $70.75 million

7 0
2 years ago
Flash Co. uses the allowance method to account for bad debts. At the end of 2010, Flash Co.'s unadjusted trial balance shows an
nevsk [136]

Answer:

7500

Explanation:

4 0
3 years ago
Read 2 more answers
The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes h
Yuri [45]

Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

  1. If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
  2. Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.

3 0
3 years ago
In a new margin account, a customer sells short $60,000 worth of ABC stock and deposits $30,000 to meet the Regulation T require
Sidana [21]

The SMA balance in the account would be 7500.

<h3>What is Special Memorandum Account (SMA)?</h3>

The excess margin from a client's margin account is put into a special memorandum account (SMA), which is a dedicated investment account, improving the client's purchasing power. The SMA, which is often referred to as a "special miscellaneous account," functions effectively as a line of credit.

It's important to distinguish between separately managed accounts, often known as SMAs, and special memorandum accounts.

A short account's market value decreases by $1 for every $1 of SMA to be created. The SMA balance would be $7,500 if the market value decreases by $5,000.

To learn more about SMA visit:

brainly.com/question/17189709

#SPJ4

5 0
1 year ago
Julia gives importance to both relationships and tasks. She clarifies task objectives and setting policies and budgets. She also
Fantom [35]

Answer:

a. supporting leader style

Explanation:

in a supporting leadership style, the head of the team is aim at developing his or her team member (sub ordinate), training them to be independent and guide them on how to achieve a given task.

in this scenario, Julia shows a supporting leadership style by:

providing aid and guidance to her subordinates and

acknowledging their accomplishments and allows them to provide suggestions.

She is trying to help her subordinate to achieve the challenge tasks given to them.

5 0
3 years ago
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