Examlex
During the fiscal year ended December 31, 2017, the City of Johnstown issued 6% general obligation serial bonds in the amount of $2,000,000 at 102 $2,040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20,000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds were dated April 1, 2017 and paid interest on October 1 and April 1. The first of 10 equal annual principal payments was due on April 1, 2018.
-What would be the amount of expenditures recorded by the debt service fund for the fiscal year ended December 31, 2018?
Federal Courts
Courts established by the federal government that have jurisdiction over legal cases involving federal laws, interstate matters, and other specific areas.
Service Providers
Entities that offer services to consumers or businesses, such as telecommunications, utilities, or healthcare.
Libel
A false and malicious publication in written form that damages a person’s reputation.
Slander
A form of defamation that involves making false spoken statements damaging to a person's reputation, as opposed to libel, which involves written statements.
Q55: Special revenue funds are used if the
Q82: Long term debt serviced from proprietary funds
Q87: Assume encumbrances do not expire at year-end.
Q90: Under which fund type would you debit
Q100: Governmental funds, other than the General Fund,
Q108: What is a bond refunding and why
Q108: According to GASB, which of the following
Q130: When preparing fund basis financial statements, any
Q138: GASB had issued a proposed standard that
Q141: The Budgetary Comparison Schedule requires a column