Effective capital budgeting for general capital assets of a government requires:
A. Consideration of how proprietary fund capital projects will be financed.
B. Nonfinancial information on physical measures and service condition of capital assets of component units.
C. Intermediate and long-range capital improvement plans for general capital assets.
D. Information about the capital asset needs of a motor pool accounted for as an internal service fund.
Answer: C
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Answer the following statement true (T) or false (F)
Avalon Event Planning Services, Inc. records deferred expenses and deferred revenues using the alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year On October 1, it paid $3,600 for insurance for a one-year period. At the end of the year, it will make an adjusting entry that debits Insurance Expense for $1,200.
Indicate whether the statement is true or false
When a firm considers a triple bottom line as a measure of long-term success, this means that it measures outcomes in which of the following areas?
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If a corporation were to choose between issuing a debenture, a mortgage bond, or a subordinated
debenture, which would have the highest yield to maturity, everything else equal? A) the subordinated debenture B) the mortgage bond C) the debenture D) all of the above