A Local Government Sells Bonds Having a Face Value of $1,000,000

question 49

Multiple Choice

A local government sells bonds having a face value of $1,000,000 at par.The bond proceeds will be accounted for in a Capital Projects Fund.What account will be credited to offset the debit to cash?

• A)other financing sources
• B)citizens' equity
• C)fund balance
• D)bonds payable

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Definitions:

Marketplace Conditions

The various factors influencing the environment in which businesses operate, including competition, customer preferences, and economic trends.

Human Resource Systems

The integrated framework of policies, processes, and tools for managing an organization's workforce.

Theory O Change

Based on activities that increase organisational performance capabilities.

Employee Commitment

refers to the psychological attachment and loyalty a worker feels towards their employer, often reflected in their willingness to go above and beyond their basic job requirements.