Which of the Following Should Not Be Reported as Other

question 14

Multiple Choice

Which of the following should not be reported as other financing sources (uses) in a Capital Projects Fund?

• A) Face value of general obligation bonds issued to finance a general government capital project.
• B) Premium on general obligation bonds issued to finance a general government capital project.
• C) Proceeds from special assessments levied against property owners to finance construction of a general government capital project initially financed with long-term debt.
• D) Transfer from General Fund.

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Definitions:

Stacked Payees

involves multiple individuals or entities being listed on a financial instrument, requiring the endorsement of all listed before it can be negotiated or cashed.

Ambiguous

Something that can be understood in more than one way or is not clearly defined.

Indorsements

Signatures or stamps placed on a document (often a financial document) that specify the legal transfer of rights from one party to another.

Unqualified Indorsement

An endorsement on a financial instrument, like a check, that doesn't limit payment to any particular individual or entity.