Biology Forums - Study Force

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



Title: A government had $7,000,000 of 5%, six month bond anticipation notes outstanding
Post by: goji.go on Oct 21, 2014
A government had $7,000,000 of 5%, six month bond anticipation notes outstanding at the end of the fiscal year. As of this date, the government has completed all legal procedures and the notes will be re-financed to a term of ten years the following month. The BAN liability reported in the Capital Projects Fund as of the end of the fiscal year should be
A.   $0.
B.   $350,000.
C.   $3,500,000.
D.   $7,000,000.


Title: Re: A government had $7,000,000 of 5%, six month bond anticipation notes outstanding
Post by: f_zah1 on Oct 22, 2014
Content hidden


Title: Re: A government had $7,000,000 of 5%, six month bond anticipation notes outstanding
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A government had $7,000,000 of 5%, six month bond anticipation notes outstanding
Post by: f_zah1 on Oct 23, 2014
You're very welcome!