I have put in bold the items that I chose. Question 2.A county


I have put in bold the items that I chose.

Don't use plagiarized sources. Get Your Custom Essay on
I have put in bold the items that I chose. Question 2.A county
Just from $13/Page
Order Essay

Question 2.

A county

receives $10,000,000 from a private foundation. The foundation specifics that the $10,000,000 must be used for county park maintenance. The county reports activities related to this contribution in a special revenue fund. During the year, the county spends $1,000,000 on park maintenance. At year-end, how does the special revenue fund report fund balance?

a. Non-spendable $10,000,000 and restricted $(1,000,000)

b. Restricted $10,000,000 and assigned $(1,000,000)

c. Restricted $9,000,000

d. Committed $9,000,000

Question 11.

At the beginning of the fiscal year, a general fund leases property. The lease has a term of 5 years. At the time the lease is initiated, the present value of the future lease payments is $3,000,000. The lease agreement reflects an implicit interest rate of 4 percent. The first payment of $500,000 is made at the end of the fiscal year. On its operating statement for the year, the general fund reports

a. other financing sources of $3,000,000 and a capital outlay expenditure of $500,000.

b. a capital outlay expenditure of $500,000.

c. a capital outlay expenditure of $3,000,000 and other financing sources of $3,000,000, an expenditure for interest of $120,000, and an expenditure for principal of $380,000.

d. an expenditure for interest of $120,000.


Source link

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code BANANA