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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
Issuance of a short-term bond anticipation note—to provide temporary financing for a general government capital project—that does not meet the requirements for treatment as long-term debt:
A.   does not increase fund balance of the Capital Projects Fund (CPF).
B.   increases fund balance of the CPF because they are issued in anticipation of issuing long-term debt.
C.   would affect the General Long-Term Liabilities (GLTL) list.
D.   would normally be repaid from a Debt Service Fund (DSF).
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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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