What would the capital projects fund liability for the note

Assignment Help Accounting Basics
Reference no: EM131826407

Question - The city of Bamberg, which has a fiscal year end of December 31, issued a nine month $1,000,000 bond anticipation note on July 1. The city is planning to renew or re-issue the bond anticipation notes for another six month period when they mature. What would the Capital Projects Fund liability for the note be on December 31?

A) $600,000

B) $0

C) $2,000,000

D) $1,000,000

E) $900,000

Reference no: EM131826407

Questions Cloud

Explain what is official history compared to just history : Does Borges mean to imply in his story that there is no such thing as official history? In your opinion, what is official history compared to just history?
What is the tank volume required in cubic feet : A sedimentation tank for water treatment is designed to have a detention time of 4 hours. If the flow rate entering the tank is 20 ft3/s
What will be the interest rates on a two-year bond : Now what will be the interest rates on a two-year bond, a four-year bond, and a six-year bond?
Define the nature and substance of each policy : Research a minimum of 4 specific human resource topics to provide a broad base for researched rationale, supporting the nature and substance of each policy.
What would the capital projects fund liability for the note : The city of Bamberg, which has a fiscal year end of December 31, What would the Capital Projects Fund liability for the note be on December 31
Bond would an investor prefer if her marginal tax rate : Which bond would an investor prefer if her marginal tax rate is lower than in (a)? Explain.
What are the major current federal immigration policy issues : What are the major current federal immigration policy issues? What, if anything, has changed or is changing, and how does it affect you personally?
How are you adjusting to your role as observer : What ways does your actual observation experience compare to your expectations - How are you adjusting to your role as observer?
What is the ordered pair of point a : If pentagon ABCDE is rotated 180° around the origin to create pentagon A'B'C'D'E', what is the ordered pair of point A'?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss norman exchanges property

suggest ways in which the transaction can be structured so as to meet these requirements

  Using the periodic inventory system compute the cost of

periodic inventory system and inventory costing methodsin chronological order the inventory purchases and sales of a

  How much gross income is reported by robert

Robert, a CPA, is owed $50,000 for consulting services provided to GR Systems. How much gross income is reported by Robert? By Mary

  A business owns purchased cows how should the corporation

a business ownsnbsp cows. how should the corporation record the cows are they assets to the corporation ? if so what

  Create a data flow diagram of the current system

a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing system. c. Analyze the internal control weaknesses in the system. Model your response according to the six categories of physical control activities ..

  How the total costs of market focus change

Variable or fixed (V or F) costs of how the total costs of Market Focus change as the number of focus groups conducted changes.

  What is alexandra basis in the land

Dove Corporation had purchased the land as an investment three years ago for $375,000, and the land was distributed subject to a $270,000 liability. Alexandra took the land subject to the $270,000 liability. What is Alexandra's basis in the land?

  Wpc has excess production capacity and is considering the

wpc has excess production capacity and is considering the possibility of making and selling paging equipment. the

  Explain why the amounts for premium-discount recorded

Buckman Corporation issued bonds with a face value of $800,000 on April 1, 2008. The bonds pay interest semi-annually at a coupon rate of 10% per year and the due date of the bonds is April 1, 2014. The market rate is 8% per year.

  Column format to set up each ledger account

1. Use the balance column format to set up each ledger account listed in its chart of accounts.

  Economic life of the equipment

On January 1, 2011, Franklin Industries leased equipment on an eight-year term at $15,000 annual rental payments, paid in advance. There is a bargain purchase option on December 31, 2018 (end of lease), of $24,000. The economic life of the equipme..

  As you have seen companies sometimes have choices in

as you have seen companies sometimes have choices in financial accounting. in this module you have learned of three

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!

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