The following entries were in the governmental funds.
Required:
Part A.What is the worksheet entry required to adjust beginning net assets in the 12/31/2012 government-wide financial statements for long term debt?
Part B.What are the worksheet entries to adjust for current year activity in long-term debt for the year ended 12/31/2012?
Assume interest for the year is due on 12/31 and the bond premium is amortized on the straight line basis.
Correct Answer:
Verified
Q123: The difference between the amount of debt
Q123: If an Internal Service Fund has positive
Q131: With regard to the government-wide statements,list the
Q133: To qualify as a collection, a donated
Q138: With regard to the government-wide statements,indicate the
Q140: The governmental funds report a total of
Q141: The Village of Canandaigua determined that,as of
Q142: Internal service funds are most commonly reported
Q147: When converting to government-wide financial statements,the entry
Q148: Which of the following would not need
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