Which of the Following Items Is NOT an Example of an Item

question 39

Multiple Choice

Which of the following items is NOT an example of an item that would be reported as Other Financing Sources/Uses in the General Fund?

• A)$10 million received from the issuance of bonds.
• B)$7,000 received from the sale of a used bulldozer.
• C)$200,000 capital lease obligation for a new bulldozer.
• D)$100,000 paid to a Motor Pool Internal Service Fund for automobile usage during the period.

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Definitions:

Property Tax Payable

The amount of property tax that a company or individual owes to a local government but has not yet paid.

Market Interest Rate

The prevailing rate at which borrowers and lenders agree to transact in the financial markets.

Coupon Interest Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value, and paid periodically until the bond matures.

Premium

Premium can refer to the amount paid for insurance coverage in excess of the face value or to the additional amount paid over the nominal or par value of a security.