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In: Accounting

1. Describe the following debt instruments and discuss whether each obligation would be reported as a...

1. Describe the following debt instruments and discuss whether each obligation would be reported as a current obligation or a noncurrent obligation:
a) Demand Bonds
b) Bond Anticipation Notes
c) Tax Anticipation Notes
d) Revenue Bonds
e) Industrial Development Bonds

2. Internal Service funds are used by many governmental entities. What are the financial reporting ramifications of using internal service funds?

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ekkarill92 answered 1 year ago
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