Municipal Bonds Are Sold Using the Following Method or Methods

question 33

Multiple Choice

Municipal bonds are sold using the following method or methods:

• A) Competitive bid
• B) Negotiated sale
• C) Private placement
• D) All of the above
• E) None of the above

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Definitions:

Contra-Asset

An account on the balance sheet that reduces the value of an associated asset, such as accumulated depreciation.

Payroll Taxes

Fees applied to employers and employees, typically based on a percentage of the salaries paid by employers to their employees.

Employer's Portion

The part of payroll taxes and benefits expenses that an employer is responsible for, as opposed to the portion paid by employees.

Gross Earnings

The total income earned by an individual or business before any deductions or taxes are applied.