What are special assessments? How do governments account for them?
Answer to relevant QuestionsHow should governments report capital projects and debt service activities in their government wide statements? What are the key differences in how general capital assets are reported on government-wide as opposed to fund statements? Capital assets are accounted for in government-wide statements on a full accrual basis. The following summarizes the history of Sharp Hall, the main foreign language classroom building at a state university that base its ...Demand bonds may provide the issuer with the disadvantages but not the advantages of long-term debt. On January 1, 2013 a city issues $2 million in 7% demand bonds. Although the bonds have a term of 10 years, they contain a ...Refer to the financial statements of Vero Beach in Chapter 3 and to Tables 10–3 and 10–4. 1. Does Vero Beach have any major permanent funds? How can you tell? 2. What kinds of fiduciary funds does Vero Beach have? Are ...
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