Which fund(s) could contain an amortization of a bond premium? O Government Wide Only O Debt Service Only O Debt Service AND Government Wide Debt Service, Capital Projects, AND Government Wide
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- Aside from issuing bonds, what do you suggests as other means of funding or can government source funds other than bonds?Bonds are issued at a premium by a capital projects fund. The premium should bea. retained in the capital projects fund.b. credited directly to the restricted fund balance of the capital projects fund.c. transferred to the debt service funds.d. used to reduce the net cost of the project involved.How does the federal government finance and service it outstanding debt?
- QUESTION 8 Match the following options - Debt Services - Permanent Fund - Current financial resources - Statement of net assets -Government-wide - Statement of net assets - Proprietary funds 1. Principal and interest payments on general long-term debt. 2. Gifts in which the principal must be invested and preserved but the investment earnings can be used for public purposes. 3. Modified Accrual Accounting 4. Economic Resources 5. Accrual AccountingWhich of the following funds are classified as fiduciary funds? Group of answer choices a.) Internal service and enterprise funds. b.) Trust and agency funds. c.) Capital projects and debt service funds.What are the reasons for statutory debt limits and explain the terms debt margin and overlapping debt? What are the purpose and types of debt service funds? What are the journal entries utilized to account for activities of debt service funds?
- Defines the meaning of Capital Projects Fund and Debt Service Funds.Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension trust funds O b. debt service trust funds Oc. Investment trust funds O d. special revenue trust funds Oe. Private purpose trust funds Of. Agency trust funds O g. capital projects trust funds Oh. Internal service trust fundsThe FHA implements its programs with which of the following procedures? Providing government bonds as collateral for loans Issuing an insured commitment covering the loan Funding a portion of each loan at closing Guaranteeing a portion of each loan