Question
Please answer both parts QUESTION 16 Which of the following capital assets belonging to an Enterprise Fund would be capitalized in the GCA? a. Works
Please answer both parts
QUESTION 16
-
Which of the following capital assets belonging to an Enterprise Fund would be capitalized in the GCA?
a. Works of art and historical treasures
b. Infrastructure
c. Enterprise Fund capital assets are not capitalized in the GCA
d. Property, pland and equipment
QUESTION 17
-
GASB allows SLGs to provide for the removal of existing general government long-term debt principal from the GLTL and year-end Government-wide financial statements when replacement long-term debt is issued by an SLG. What are the names of the two different situations in which GASB allows for this?
a. Advance Refundings and Current Refundings
b. Modified Method and Substantive Method
c. Eminent Domain and Escheat
d. Legal Defeasance and In-subtance Defeasance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Routledge Handbook Of Environmental Accounting
Authors: Jan Bebbington, Carlos Larrinaga, Brendan O'Dwyer, Ian Thomson
1st Edition
0367724901, 9780367724900
