P 7-1( Multiple Choice Problems and Computations )Identify the best answer for each of the...
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P Multiple Choice Problems and Computations Identify the best answer for each of the following: Questions through are based on the following scenario: Matthew County issued a month, $ bond anticipation note on March X to provide temporary financing for a major general government capital project. The issuance of long term bonds had not yet received the legally required voter approval when the financial statements were issued, but most agree the voters will approve the referendum. However, in the event that the voters reject the long term bond issue, the county has other sources it can use to finance the project. Assuming the county has incurred $ of construction costs on the project by the end of its fiscal year June X the fund balance of the Capital Projects Fund used to account for this project would be $ $ $ $
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