A governments interest expenditure as reported in its debt service fund, differs signicantly from its interest expense,

Question:

A government’s interest expenditure as reported in its debt service fund, differs signiﬁcantly from its interest expense, as reported in its government-wide statements. What is the most likely explanation for the difference?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

See More Books

Question Posted: Aug 13, 2014 11:50 AM

See More Questions

What is the most likely explanation for the use of preferred stock from a corporate viewpoint?
What is the most likely system acquisition method in-house, turnkey, backbone, or vendor-supported for each of the following situations? A plumbing supply company with I2 employees that sells...
What is the most likely reason that All Professional stopped paying the franchise fees and making note payments, in addition to closing one of its offices?
Jin, the recruitment manager at Randents Inc., reviews the performance of his team members on a monthly basis. Based on the results of his monthly reviews, he decides to conduct daily reviews to...
Recall that amount of dioxide (milligrams/liter) and presence/absence of crude oil was determined for each of 16 water specimens collected from a mine reservoir. The data are repeated in the...
Prove the convolution-multiplication property of the DHT in Equation (3.228) and derive Equation (3.229) for the case $x_{2}(n)$ is even. Y(k) = H(k)E(H(k)) + H(k)O(H(k)}, (3.228)
The time to prepare a slide for high-throughput genomics is a Poisson process with a mean of two hours per slide. What is the probability that 10 slides require more than 25 hours to prepare?
Frobisher Inc. (Frobisher) uses the lower of cost and NRV rule to value its inventory. Frobishers inventory on February 28, 2017 had a cost of $1,125,000 and a NRV of $1,035,000. Required: a. By how...
6. Three charges qi, q2 and qs are arranged as shown. The charges are 9.5 C, -1.8C and -5.8 C respectively. What is the force acting on q? (6 marks) 0. 91 0.30 m 0.50 m 92 0.40 m 93
A 60-Hz, three-phase, four-pole induction motor delivers full load torque at 3% slip. If the load torque rises by 20% (overload condition), determine the new speed.
At what value would a government report bonds payable on its government-wide statements? Why might this value differ from the bonds face value? Why might it differ from their market value?
What are demand bonds? When can they be reported as long-term, rather than current, obligations?
A 1.00-g sample of potassium bicarbonate is decomposed by heating. If the resulting potassium carbonate weighs 0.725 g and the calculated yield is 0.690 g, what is the percent yield?
Give a SQL query that lists all products in the invoice database of Section 24.2. Invoice Invoice_ Number INTEGER 11731 11732 11733 Customer_ Number INTEGER 3175 3176 3175 Payment DECIMAL (10, 2) 0...
Add a method void depthFirst(Visitor v) to the Tree class of Section 17.4. Keep visiting until the visit method returns false.
What is the difference between a thread that sleeps by calling sleep and a thread that waits by calling await?
Write a program that sorts an array of bank accounts by increasing balance. Pass an appropriate lambda expression to Arrays.sort.
Playfair cipher. Another way of thwarting a simple letter frequency analysis of an encrypted text is to encrypt pairs of letters together. A simple scheme to do this is the Playfair cipher. You pick...
What is the makeup of a typical bar exam?
The MIT Sloan School of Management is one of the leading business schools in the U.S. The following table contains the tuition data for the masters program in the Sloan School of Management. a. Use...
Give an example of financial risk.
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new...
Example: Make vs Buy: A decision concerning whether an item should be produced internally or purchased from an outside supplier. Java J's is a coffee shop offering a variety of coffees, teas and...
3. An elastic material fills a cubic-shaped cavity in a rigid metal form. The properties of the material are: E = 15000 MPa v = 0.25 = 120 10-6/C (coefficient of thermal expansion) The material is...
Every decision has an Opportunity Cost due to the nature of scarcity, there is always a better alternative not chosen, therefore, there is always an opportunity cost. "The opportunity cost of an...

A governments interest expenditure as reported in its debt service fund, differs signicantly from its interest expense,

Question:

Step by Step Answer:

The interest expenditure as reported in the debt service fund a governm...View the full answer

Government and Not for Profit Accounting Concepts and Practices

Students also viewed these Accounting questions