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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A government issued bond anticipation notes to provide initial financing for a g
Post by: goji.go on Oct 21, 2014
A government issued bond anticipation notes to provide initial financing for a general government capital project. The bond anticipation note
A.   Proceeds are always reported as an other financing source in the Capital Projects Fund.
B.   Payable should be reported as a liability of the Capital Projects Fund except when the original term of the notes exceeds one year.
C.   Payable is usually repaid by the Capital Projects Fund.
D.   Interest on the bond anticipation note should be capitalized as part of the cost of the capital asset.


Title: Re: A government issued bond anticipation notes to provide initial financing for a g
Post by: f_zah1 on Oct 22, 2014
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Title: Re: A government issued bond anticipation notes to provide initial financing for a g
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A government issued bond anticipation notes to provide initial financing for a g
Post by: f_zah1 on Oct 23, 2014
You're very welcome!