Explain any differences in the accounting for bond premiums or discounts related to general obligation construction bonds and to enterprise revenue bonds.
Answer to relevant QuestionsWhat are the major classifications of cash flows that must be presented for a proprietary fund? Distinguish among them and give at least two examples of each classification.Which net position classifications may be affected by deferred inflows of resources? By deferred outflows of resources?(a) Prepare journal entries, including adjusting entries when needed, to record the following transactions in a government’s Enterprise Fund:1. Received cash for a grant of $3,000,000, which was restricted to constructing ...Prepare journal entries, including adjusting entries needed, to record the following transactions for the Pickens County Transit Authority. Assume the fiscal year ends on April 30.1. Issued refunding bonds at par, ...In what ways might the original capital required to establish an Internal Service Fund be acquired?
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