Governmental and Nonprofit Accounting (11th Edition)

11th Edition

ISBN: 9780133799569

Author: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott

Publisher: PEARSON

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Textbook Question

Chapter 7, Problem 1.3E

Which of the following are sometimes reported as long-term liabilities even if they have short-term maturities?

a. Bond anticipation notes.
b. Grant anticipation notes.
c. Tax anticipation notes.
d. Revenue anticipation notes.

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Chapter 7, Problem 1.2E

Chapter 7, Problem 1.4E

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Chapter 7 Solutions

Governmental and Nonprofit Accounting (11th Edition)

Ch. 7 - When is a Capital Projects Fund used by a...Ch. 7 - Prob. 2Q Ch. 7 - What is the life cycle of a Capital Projects Fund?Ch. 7 - Why is each significant capital project usually...Ch. 7 - In what situations could several capital projects...Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - Prob. 8Q Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Ch. 7 - Prob. 11Q Ch. 7 - Prob. 12Q Ch. 7 - Which of the following general government capital...Ch. 7 - Budgets for Capital Projects Funds are a. often...Ch. 7 - Which of the following are sometimes reported as...Ch. 7 - Wakefield Heights sold 6,000,000 of general...Ch. 7 - Which of the following statements regarding the...Ch. 7 - Common expenditures in a Capital Projects Fund...Ch. 7 - Prob. 1.7E Ch. 7 - In practice, which of the following is false...Ch. 7 - The funding sources for a Capital Projects Fund...Ch. 7 - Prob. 2.2E Ch. 7 - When grant resources are received before...Ch. 7 - Bonds are sold to finance the construction of a...Ch. 7 - After restricted and committed levels of fund...Ch. 7 - Which of the following would not be reported on...Ch. 7 - The City of Hope received an unrestricted grant in...Ch. 7 - Expenditures are made in a Capital Projects Fund...Ch. 7 - A GAAP-based Statement of Revenues, Expenditures,...Ch. 7 - Prob. 2.10E Ch. 7 - (General Ledger Entries) The following...Ch. 7 - (Long-Term Debt Issuances) Swenson Township issued...Ch. 7 - (Short Discussion and Analysis) Briefly discuss...Ch. 7 - (Statement of Revenues, Expenditures, and Changes...Ch. 7 - (Multiple Choice Problems and Computations)...Ch. 7 - Prob. 2P Ch. 7 - (Statement of Revenues, Expenditures, and Changes...Ch. 7 - Prob. 6P Ch. 7 - (CPF Journal EntriesBlue Earth County, Montana)...

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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Which of the following are sometimes reported as long-term liabilities even if they have short-term maturities? a. Bond anticipation notes. b. Grant anticipation notes. c. Tax anticipation notes. d. Revenue anticipation notes.

Solution Summary: The author explains that Bond anticipation notes are short-term interest security issued in advance of future bonds. They can also be recorded as long-time liabilities based on government agreement.

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