Long term liabilities of an enterprise fund are reported in the proprietary fund statement and in government-wide statements.
Answer the following statement true (T) or false (F)
True
Long term liabilities of an enterprise fund are reported in the both the proprietary fund statement and in government-wide statements.
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Describe the difference between a source distraction and a medium distraction, and provide an example of both.
What will be an ideal response?
When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is to be recorded as Additional Paid-in Capital
Indicate whether the statement is true or false
The self-evaluation
a. Should consist of the employee rating himself/herself on the evaluation form b. Should be used word for word as the employee submits it c. Should be an opportunity for the employee to provide additional feedback about his/her performance d. Is not recommended for executive level positions
On January 1, Jewel Company buys $177,000 of Marcelo Corp. 8%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $180,800. The journal entry to record the receipt of the monthly interest on January 31 is:
A. Debit Cash $1180; credit Debt Investments-AFS $1180. B. Debit Cash $1180; credit Interest Revenue $1180. C. Debit Cash $1180; credit Fair Value Adjustment-AFS (ST) $1180. D. Debit Cash $14,160; credit Debt Investments-AFS $14,160. E. Debit Cash $1180; credit Fair Value Adjustment-AFS (LT) $1180.