The City of Castle Rock issued bonds at par for the construction of a new city office building. Receipt of the bond proceeds would result in journal entries in which funds?

A. Capital Projects Fund: Yes; Debt Service Fund: Yes
B. Capital Projects Fund: No; Debt Service Fund: No
C. Capital Projects Fund: No; Debt Service Fund: Yes
D. Capital Projects Fund: Yes; Debt Service Fund: No


Answer: D

Business

You might also like to view...

Which of the following data collection modes would be more appropriate for research on a product requiring demonstration that is targeted to the business-to-business market as opposed to the consumer market?

A) CATI B) business-to-business surveying C) in-office interview D) drop-off survey E) mall-intercept

Business

The process of integrating a new employee into an organization and its culture is called ______.

a. orientation b. hiring c. on-boarding d. on-the-job training

Business

Unrealized holding gain denotes the difference between the

a. current replacement cost of the inventory and its acquisition cost. b. selling price of the inventory and its original acquisition cost. c. acquisition cost of the inventory and its net realizable value. d. selling price of the inventory and its net realizable value. e. none of the above.

Business

No attempt is made to estimate bad debts expense under the direct write-off method of accounting for uncollectible accounts receivable.

Answer the following statement true (T) or false (F)

Business