Which of the following would not be an adjustment for long-term debt when preparing government-wide financial statements?
A. Amortizing bond premiums.
B. Changing Other Financing Sources - Proceeds of Bonds to an increase in Bonds Payable.
C. Changing Expenditures - Bonds Principle to a reduction of Bonds Payable.
D. Recording the cash received from a debt issue.
Answer: D
You might also like to view...
Clip art cluttering a bar chart is an example of
A) a pictogram. B) chartjunk. C) a good way to grab reader interest. D) a pictograph. E) an embedded link.
The costs of doing business through the sale of goods and services are called
a. Net income b. Expenses c. Revenues d. Dividends
The decision to offer a global product into a global brand is risky. For example, in the United Kingdom, Snickers may get confused with Knickers, the British slang for a woman's undergarment
Indicate whether the statement is true or false
Summarizing the main idea of the presentation during the introduction is a way to do what?
A) Arouse interest B) Validate your qualifications C) Connect ideas that will be presented later in the presentation D) Remind the audience what is going to be most important E) Preview the message