ACCOUNTING F/GOV.+NON...(LL)
18th Edition
ISBN: 9781266785580
Author: RECK
Publisher: MCG
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Textbook Question
Chapter 7, Problem 17.12EP
The City of Tutland issued $10 million, 6 percent, 10-year bonds at 101 to finance refurbishment of its water utility fund equipment. The bond issuance is reported in the water utility enterprise fund statement of
- a. A cash flow from operating activities.
- b. A cash flow from noncapital financing activities.
- c. A cash flow from capital and related financing activities.
- d. A cash flow from investing activities.
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Students have asked these similar questions
The General Fund of the Town of Mashpee transfers $115,000 to the debt service fund for a
$100,000 principal and $15,000 interest payment. The recording of this transaction would include:
a. A debit to Interest Expenditures in the General Fund.
b. A debit to Interest Expenditures in the governmental activities accounts.
c. A credit to Other Financing Sources - Interfund Transfers In in the debt service fund only.
d. A credit to Other Financing Sources - Interfund Transfers In in both the debt service fund and
governmental activities accounts.
Ibri township issued the following bonds during the year.
The bond issued to purchase equipment for vehicle repair service that is accounted for in an internal service fund RO 30,000,
The bonds issued to construct a new city hall RO 10,000
The bonds issued to improve its water utility, which is accounted for in an enterprise fund RO 50,000.
The amount of bond issued to be reported in the general fund is
a.
RO 10,000
b.
RO 50,000
c.
None of the options
d.
RO 30,000
Prepare journal entries for all the funds AND IDENTIFY THEM and the General Capital Assets and General Long-Term Liabilities accounts affected by the following transactions
The government paid $605,000 from the General Fund to the fund used to service its general government bonds.
The government issued bonds of $13,000,000 at par. The bonds are to be used to finance construction of a major public park.
The government paid $400,000 of principal and $300,000 of interest on general government bonds.
The government entered a capital lease for equipment with a capitalizable cost of $700,000. A $150,000 initial рауment was made
The govern ment pui chased new computer equipment for the police department at a cost of $43,000.
please avoid handwritten solution thanks
Chapter 7 Solutions
ACCOUNTING F/GOV.+NON...(LL)
Ch. 7 - Prob. 1QCh. 7 - Explain the reporting requirements for internal...Ch. 7 - A member of the city commission insists that the...Ch. 7 - Prob. 4QCh. 7 - What is the purpose of the Restricted Assets...Ch. 7 - Prob. 6QCh. 7 - Prob. 7QCh. 7 - When do GASB standards require interfund...Ch. 7 - Prob. 9QCh. 7 - What is meant by segment information for...
Ch. 7 - Prob. 11QCh. 7 - Internal Service Fund Reporting. (LO7-2) Financial...Ch. 7 - Proprietary Fund Operating Statement. (LO7-1)...Ch. 7 - Enterprise Fund Golf Course Management. (LO7-1)...Ch. 7 - Prob. 17.1EPCh. 7 - Which of the following would most likely be...Ch. 7 - Under GASB standards, the City of Parkview is...Ch. 7 - Prob. 17.4EPCh. 7 - Which of the following events would generally be...Ch. 7 - Proprietary funds a. Are permitted to integrate...Ch. 7 - Prob. 17.7EPCh. 7 - Prob. 17.8EPCh. 7 - Prob. 17.9EPCh. 7 - Prob. 17.10EPCh. 7 - The City of Tutland issued 10 million, 6 percent,...Ch. 7 - The City of Tutland issued 10 million, 6 percent,...Ch. 7 - Prob. 18EPCh. 7 - Prob. 19EPCh. 7 - Central Garage Internal Service Fund. (LO7-2) The...Ch. 7 - Internal Service Fund Statement of Cash Flows....Ch. 7 - Tribute Aquatic Center Enterprise Fund. (LO7-5)...Ch. 7 - Net Position Classifications. (LO7-5) During the...Ch. 7 - Central Station Enterprise Fund. (LO7-5) The Town...Ch. 7 - Enterprise Fund Journal Entries and Financial...Ch. 7 - Net Position Classifications. (LO7-5) The Village...Ch. 7 - Enterprise Fund Statement of Cash Flows. (LO7-5)...Ch. 7 - AppendixSolid Waste Enterprise Fund. (LO7-6) Brown...
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