ACC504 Midterm Exam 2017
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ACC504 Midterm Exam 2017 ACC504 Midterm Exam 2017 (Verified Answe 3
Latest notes & summaries ACC504 Midterm Exam 2017
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...
- Exam (elaborations)
- • 24 pages's •
-
ACC504 Midterm Exam 2017•ACC504 Midterm Exam 2017
Preview 1 out of 24 pages
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...
- Exam (elaborations)
- • 24 pages's •
-
ACC504 Midterm Exam 2017•ACC504 Midterm Exam 2017
Preview 1 out of 24 pages
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...
- Exam (elaborations)
- • 24 pages's •
-
ACC504 Midterm Exam 2017•ACC504 Midterm Exam 2017
Preview 1 out of 24 pages
Question
Question 1 Which of the following is properly reported as a liability of the General Fund?
Question 1 options:
Accounts payable
General obligation bonds payable
Tax anticipation notes payable
Both b and c are correct
Question 2 Debt
service funds are used to record:
Question 2 options:
Neither principal nor interest payments of debt issues.
Only interest payments on debt issues.
Both principal and interest payments of debt issues.
Only principal payments of debt issues.
Question 3 When ...