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A municipal bond is debt of federal government.
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- Delaware City’s serial bonds are serviced through a debt service fund with cash provided by the general fund. In a debt service fund’s statements, how are cash receipts and cash payments reported? Cash Receipts Cash Paymentsa. Revenues Expendituresb. Revenues Other financing sourcesc. Other financing sources Other financing used. Other financing sources ExpenditureWhy do we need to issue municipal bonds? explainA bond is an interest-bearing negotiable certificate of long-term debt issued by a. a corporation. b. a municipality. c. Any of these. d. the federal government.
- What is municipal bond?How is the issuance of a long-term bond reported on fund financial statements? How is the issuance of a long-term bond reported on government-wide financial statements?1) Which of the following statement(s) is (are) true regarding municipal bonds? 1.I) A municipal bond is a debt obligation issued by state or local governments. 2.II) A municipal bond is a debt obligation issued by the federal government. 3.III) The interest income from a municipal bond is exempt from federal income taxation. 4.IV) The interest income from a municipal bond is exempt from state and local taxation in the issuing state. A) I and II only B) I and III only C) I, II, and III only D) I, III, and IV only E) I and IV only Please provide an accurate answer with justification.
- If a bond is backed by the revenue generated from a project, it is called______ Group of answer choices GO bond Revenue bond Green bond tax-supported bondHow does the federal government aquire debt?The FHA implements its programs with which of the following procedures? Providing government bonds as collateral for loans Issuing an insured commitment covering the loan Funding a portion of each loan at closing Guaranteeing a portion of each loan