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2 General Long-term Liability and Capital Asset Transactions. The Village of Nassau issued a 3-year, 6 percent note in the amount of $100,000 to finance the purchase of vehicles for the Public Works Department. Required 1. Record the issuance of the $100,000 note in the General Fund and the governmental activities general journals. 2. Record the purchase of vehicles in the amount of $100,000 in the General Fund and governmental activities general journals. 3. Explain why the accounting treatment is different in the General Fund and governmental activities general journals.
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Both held-to-maturity debt securities and available-for-sale debt securities must be reported at their fair market value at year-end.
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Using the given information calculate the Pricing decision - Should the offer from LawnPro.com be accepted? Why or why not?
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