Question
A proprietary fund issued $5,000,000 of bonds at par to purchase new machinery. If the machinery has not been purchased by year-end, the bond proceeds
A proprietary fund issued $5,000,000 of bonds at par to purchase new machinery.
If the machinery has not been purchased by year-end, the bond proceeds are reported on the statement of net position as?
A) A decrease in Net positionnet investment in capital assets.
B) An increase in Net positionnet investment in capital assets.
C) Restricted net position.
D) Committed net position.
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Forecasting Volatility In The Financial Markets
Authors: Stephen Satchell, John Knight
2nd Edition
0750655151, 9780750655156
