Reference no: EM131324526
Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000.
Create the required journal entries for the following transactions:
The budget for the library
The payment and receipt of funds from the general fund
The issuance of the bonds
Assume that the premium remained in the capital projects fund.
Identify all of the funds required for these entries.
Discuss how the bond premium could be disposed.
In general terms, compare and contrast how expenditures are controlled in the general fund and in debt service funds. Explain why differences would occur.
|
Issues surrounding the first time adoption
: For each of the following topics, please describe how it would be handled with both sets of standards, and provide a minimum of 2 examples of issues surrounding the first time adoption of IFRS:
|
|
Presence of air bubbles a sign of contamination
: 1. For what specific purpose was gram staining developed for? what is it used for today? 2. Why is the presence of air bubbles a sign of contamination? 3. Why is a gram stain helpful when monitoring bacterial contamination in food or investigating a ..
|
|
What part of does self-deception play in our choice
: PHL162: Self-deceivers are sometimes virtuous. How, in Johnson's opinion, does this aid in self-deception? Give a concrete example of this, either from the reading or from real life (or both). What part of does self-deception play in our choice of ..
|
|
Contamination in food or investigating a foodborne illness
: 1. For what specific purpose was gram staining developed for? what is it used for today? 2. Why is the presence of air bubbles a sign of contamination? 3. Why is a gram stain helpful when monitoring bacterial contamination in food or investigating a ..
|
|
Required journal entries for the transactions
: In general terms, compare and contrast how expenditures are controlled in the general fund and in debt service funds. Explain why differences would occur - Create the required journal entries for the transactions.
|
|
How much would you expect the price to change
: Assuming that only the domestic supply curve shifted, how much would you expect the price to change? (Hint: See the discussion of price flexibility in the application "The Big Freeze.")
|
|
What are the danger of not cross checking between the models
: What are the dangers of not cross checking between the models? What is the principal distinction (purpose) between a use case activity diagram and a system sequence diagram?
|
|
How slavery had a dehumanizing effect on the perpetrator
: Need to be done from the book called " A narrative of the life frederick douglas" Subject: how slavery had a dehumanizing effect on the perpetrator (slave owner) as well as the victim (slave) of such a crime against humanity
|
|
Implications of the prolific use of genetic knowledge
: Question: Describe how the use of genetic knowledge can change the course of disease. What are the implications of the prolific use of genetic knowledge for the intervention of disease? Should there be any limitations to the use of genetic knowled..
|