User Account

All Pages

Discuss convention center bonds and tax increment bonds

Assignment Help Accounting Basics
Reference no: EM131770535

Statement of Legal Debt Margin. In preparation for a proposed bond sale, the city manager of the City of Appleton requested that you prepare a statement of legal debt margin for the city as of December 31, 2010. You ascertain that the following bond issues are outstanding on that date: You obtain other information that includes the following items:

1. Assessed valuation of real and taxable personal property in the city totaled $240,000,000.

2. The rate of debt limitation applicable to the City of Appleton was 8 percent of total real and taxable personal property valuation.

3. Electric utility, water utility, and transit authority bonds were all serviced by enterprise revenues, but each carries a full-faith-and-credit contingency provision. By law, such self-supporting debt is not subject to debt limitation.

4. The convention center bonds and tax increment bonds are subject to debt limitation.

5. The amount of assets segregated for debt retirement at December 31, 2010, is $1,800,000.

Reference no: EM131770535

Questions Cloud

What is the acid-test ratio : What is the acid-test ratio? If the company borrows $14,080 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio
Discuss the effects of differing depreciation methods : Give the entry to record depreciation expense at the end of the first year, using all three depreciation methods listed
Describe and discuss at least two backup strategies : Discuss one of the most important things you will take from this course. You do not have to document your sources for this question.
Analyze the implications of contract law : 7.2: Analyze the implications of contract law and make recommendations to support business decisions. Create clear oral messages
Discuss convention center bonds and tax increment bonds : The convention center bonds and tax increment bonds are subject to debt limitation
Explain the impact of model on quality at the patient level : Explain The impact of the model on quality at the patient level. Each summary should be one-two pages in length, excluding the reference page.
Statement of revenues expenditures and changes : Statement of revenues, expenditures, and changes in fund balance for the capital projects fund
Accounting for disparate outcomes in economic development : How do geoeconomic, modernization and dependency theories differ in accounting for disparate outcomes in economic development? Which view is most persuasive?
Complete the consolidation entries and label : Complete the worksheet below to consolidate the financial statements of the parent and subsidiary on 12/31/2015. Parkins purchased Sanville on 1/1/2015.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A corporation issues 85000 8 5-year bonds on january 1 2011

a corporation issues 85000 8 5-year bonds on january 1 2011 for 88825. interest is paid semiannually on january 1 and

  Oakland college is considering outsourcing grounds

oakland college is considering outsourcing grounds maintenance. in this regard oakland has received a bid from highline

  Song earns 100000 taxable income as an interior designer

song earns 100000 taxable income as an interior designer and is taxed at an average rate of 20 i.e. 20000 of tax.if

  In addition jose incurred the following expenses before

jose purchased a delivery van for his business through an online auction. his winning bid for the van was 37500. in

  Calculate the total dollar amount of discount

Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)

  Problem related to break-even price

What factors might occur during the season that would alter the volume sold and thus the break-even price Annie might charge?

  Prepare journal entries to establish the fund on may 1 to

shawnee co. set up a petty cash fund for payments of small amounts problem 8-2a p8-2a shawnee co. set up a petty cash

  Income from the current tax year

The partnership paid office expenses of $100,000. In addition, KKM distributed $10,000 each to partners Kaylyn and Kristie, and the partnership paid partner Megan $20,000 for administrative services. Kaylyn reports the following income from KKM du..

  Prepare the statement of retained earnings for the year

Required: Prepare the statement of retained earnings for the year ended 2014, prepare any note disclosures separately

  Determining the low job satisfaction

Suppose that job satisfaction scores can be modeled with N1100, 122. Human resource departments of corporations are generally concerned if the job satisfaction drops below a certain score.

  In the united states accounting principles are developed

in the united states accounting principles are developed through a cooperative effort between the public sector and

  Budegeting and comparison shopping

You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd