User Account

All Pages

What amount should be recorded as long-term liabilities

Assignment Help Accounting Basics
Reference no: EM132527292

Question - Tinsel Town had the following long-term liabilities at year-end:

Revenue bonds to be repaid from tolls collected by the super highway enterprise fund $250,000 and General obligation bonds issued for the Tinsel Town water utility, which will service the debt $200,000.

What amount should be recorded as long-term liabilities in the proprietary fund financial statements?

1. $0

2. $200,000

3. $250,000

4. $450,000

Reference no: EM132527292

Questions Cloud

BSBCMM401 Make a Presentation Assignment : BSBCMM401 Make a Presentation Assignment Help and Solution, Plenty Training - Assessment Writing Service - Provide three more examples of ways you can evaluate
Information Governance-Records and Information Management : Information Governance (IG) and Records and Information Management Functions. in pursuance of legal obligations or in the transaction in the form of records.
What is the collection of an account : What is the different between "The collection of an $2000 account beyond the 2 percent discount period" and "The collection of a $1900 account"
Compute the company total cost for the year : Compute the company's total cost for the year assuming that variable manufacturing costs are driven by the number of units produced
What amount should be recorded as long-term liabilities : Revenue bonds to be repaid from tolls collected by the super highway enterprise fund $250,000. What amount should be recorded as long-term liabilities
What are the sources and jurisdictions of the criminal law : What are the sources, purposes, and jurisdictions of the criminal law related to this case? What is the difference between the various elements of crime.
Explain the function of the goods and services market : Explain the function of the goods and services market and the factors of production market in the Circular Flow Model. Explain both real and money flows
What is the lowest level of annual cash operating savings : What is the lowest level of annual cash operating savings that will result in a positive net present value? Valesano Company consider project with information
Identified as the targeted victims : Briefly state and name the countries and organizations identified as the targeted victims?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the percentage of completion for transferred-in cost

Hoffman Company, as you know, is a manufacturer of car seats. Each car seat passes through the assembly department and testing department.

  How much taxable gain or loss will Huppe recognize

Each share of H2O Meetings and Incentives stock is worth $5,000. How much taxable gain or loss will Huppe recognize as a result of the transaction

  What is the difference between financial statements

what is the difference between financial statements prepared from the expanded accounting equation and those prepared

  At franklis incorporated during the month of january the

at franklis incorporated during the month of january the direct labor rate variance was 2500 unfavorable and the direct

  What is the amount of income or loss

Activity B had income of 30,000 what is the amount of income or loss recognized in 2011 from these activities

  Calculate the optimum batch size for unit production cost

At a batch of 12000 units, the variable cost of a unit is $15. Calculate the optimum batch size for unit production cost

  Tanning company uses the percentage of receivables method

tanning company uses the percentage of receivables method for recording bad debts expense. the accounts receivable

  What the implications for investors and financial reporting

Given that securities prices do not self-destruct, what are the implications for investors and financial reporting

  In a comprehensive financial analysis

In a comprehensive financial analysis, financial statements should be: A. used as reported without adjustment.

  Prepare the journal entries to record the above transactions

Bridgeport Corporation was organized on January 1, 2017. Prepare the journal entries to record the above transactions

  Discuss what is the major weakness in the report above

What is the major weakness in the report above and how do you recommend addressing it

  What are the key items that an accountant must understand

What are the key items that an accountant must understand around present and future value concepts, annuities, and compound interest?

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