Question: Exercise 6 - 1 ( Questions 1 through 1 0 ) , textbook pages 2 6 5 2 6 6 . ( Enter the letters
Exercise Questions through textbook pages
Enter the letters a b c or d next to the question number.
Problem textbook pages
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The most likely explanation for the variances in expenditures between budget and actual expenditures:
How do you reconcile that amount with the proceeds from bonds payable reported in the statement of revenues, expenditures, and changes in fund balance?
What conclusions can you draw about whether interest on fund investments must be used either to repay the capital improvement bonds or to construct and refurbish city facilities?
Amount of fund resources government spent during the year on capital improvements?
How do you explain the absence in the balance sheet of construction in process
Why is a major portion of the fund balance restricted
Chapter :
Exercise Questions through textbook pages
Enter the letters a through o next to the question number for the amount that fits each scenario An amount may be selected once, more than once, or not at all.
Continuing Problem Questions through textbook page ACFR assigned by your professor is used for these questions.
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Total longterm obligations for both governmental and businesstype activities:
Does this amount reconcile with the longterm liabilities as reported on the governmentwide statements of net position? Yes or No:
Other than bonds payable, what other kinds of longterm debt does the town report in its statement of net position?
Increase or decrease longterm borrowing during the current year?
Effect on total longterm liabilities at yearend? Explain.
Percentage total net bonded debt to assessed value of property?
Amount of net debt per capital?
Towns legal debt margin?
Lease obligations outstanding? Yes or No:
Accounted for as operating or financing leases?
Were any of the leases initiated during current year? Yes or No:
Amount of payments related to financing leases?
Compute the total amount of the citys direct and overlapping debt?
Outstanding conduit debt? Yes or No: Exercise Questions through textbook pages
Enter the letters a b c or d next to the question number.
Problem textbook pages
Enter the answer to the questions in the blanks provided.
The most likely explanation for the variances in expenditures between budget and actual expenditures:
