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Title: Assume the General Fund has two outstanding investments as of its 6/30/X5 year e Post by: goji.go on Oct 21, 2014 Assume the General Fund has two outstanding investments as of its 6/30/X5 year end, as follows:
• $100,000 Certificate of Deposit, 6 month original maturity, 3% annual interest rate, purchased 4/30/X5 • $500,000 Commercial Paper, 8 month original maturity, 3% annual interest rate, purchased 1/31/X5 The interest revenue that would be recorded in the GAAP-based external financial statements for the General Fund as of 6/30/X5 would be A. $500. B. $6,250. C. $6,750. D. $11,500. Title: Re: Assume the General Fund has two outstanding investments as of its 6/30/X5 year e Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: Assume the General Fund has two outstanding investments as of its 6/30/X5 year e Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: Assume the General Fund has two outstanding investments as of its 6/30/X5 year e Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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