Question
To offset engineering and design costs incurred prior to the issuance of a long-term bond issue, a capital projects fund borrowed the sum of $75,000
To offset engineering and design costs incurred prior to the issuance of a long-term bond issue, a capital projects fund borrowed the sum of $75,000 on a short-term basis from First National Bank. This transaction should be recorded in:
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
