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goji.go goji.go
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Posts: 5977
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9 years ago
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.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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