1) A debt service fund for the City of Livingston received $300,000 from a capital projects fund

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1) A debt service fund for the City of Livingston received $300,000 from a capital projects fund. The amount received represented the premium received from the issuance of general obligation bonds. What account should the debt service fund credit to record this receipt?

Multiple Choice

A) Other Financing Sources—Transfer In from Capital Projects Fund.

B)Matured Bonds Payable.

C)Revenue-General Obligation Bond Premium.

D)Due to Capital Projects Fund.

 

2)

Schedule 13D is filed:

Multiple Choice

A) by entities that acquire a beneficial ownership of more than 5 percent of a class of registered equity securities.

B) to broadly report material information that is being provided to securities analysts, selected institutional investors, or others.

C) to disclose material items related to asset-backed securities such as a bond issue.

D) by management to report the existence and effectiveness of the company's internal control over financial reporting.