On the statement of revenues, expenditures, and changes in fund balance for a capital projects fund, proceeds of general obligation bonds should be reported:
A. as a subtraction from construction expenditures.
B. in the other financing sources (uses) section of the statement.
C. in the revenue section of the statement.
D. as a direct addition to the beginning balance of unreserved fund balance.
Answer: B
You might also like to view...
Which of the following conflict-handling styles reflects an inability to deal with conflict in which the person withdraws from the conflict situation?
A. obliging B. avoiding C. compromising D. integrating
Which of the following is a major reason for the American Advertising Federation (AAF) to develop an integrated marketing communications (IMC) campaign?
A. to help advertisers improve product differentiation B. to encourage purchase of more time and space in traditional media C. to provide proof for the advertising industry's capabilities D. to encourage the development of new advertising agencies E. to redefine advertising in the eyes of corporate executives
Title to personal property may be transferred by
a. deed. b. delivery. c. eminent domain. d. easement.
Chambers Industries has a market capitalization of $800 million and 250 million shares outstanding. The management of this firm plans to raise further capital through a rights issue
Which of the following rights schemes will raise the most money, if all shareholders exercise their rights? A) two rights to purchase one share at $1.60 per share B) three rights to purchase two shares at $1.80 per share C) four rights to purchase three shares at $2.00 per share D) five rights to purchase two shares at $1.50 per share