What is the life cycle of a Capital Projects Fund?
Answer to relevant QuestionsIn what situations could several capital projects properly be financed and accounted for through a single Capital Projects Fund?Swenson Township issued $5,000,000 of 10-year, 6% bonds on July 1, 20X8. Bond issue costs of $93,000 were incurred. The bonds were issued to finance a courthouse expansion.RequiredRecord the bond issue in the Capital ...Record the following transactions in the Building and Capital Purchases Capital Projects Fund of Blue Earth County, Montana, for the year ended December 31, 20X6.1. Levied property taxes of $4,385,559 that are restricted for ...Distinguish between a current refunding and an advance refunding.What disposition should be made of the balance remaining in a Debt Service Fund after the bonds mature and are paid?
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