Question: How are the proceeds from a bond issue accounted for
How are the proceeds from a bond issue accounted for in governmental funds? Where are these proceeds reported on the governmental funds' statement of revenues, expenditures, and changes in fund balance?
Answer to relevant QuestionsWhat are the primary differences between a permanent fund (governmental) and a private-purpose trust fund (fiduciary)?GASB 34 requires a budgetary comparison schedule for each governmental fund that has a legally adopted budget. What information does this budgetary comparison schedule present?Select the correct answer for each of the following.1. On December 31, 20X1, Tiffin Township paid a contractor $2,000,000 for the total cost of a new firehouse built in 20X1 on township-owned land. Financing was by means of ...Bellevue City’s printing shop had the following trial balance on January 1, 20X2:Additional Information for 20X21. During 20X2, the printing shop acquired supplies for $96,000, furniture for $1,500, and a copier for ...The numbered items on the left consist of a variety of transactions that occurred in Jeffersen City's water utility enterprise fund for the year ended June 30, 20X9. Items A, B, C, and D on the right represent the four ...
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