Q: What unique issues arise when a government, as opposed to a
What unique issues arise when a government, as opposed to a business, is declared bankrupt?
See AnswerQ: What is the distinction between general obligation debt and revenue debt?
What is the distinction between general obligation debt and revenue debt? Which one is likely to bear higher interest rates?
See AnswerQ: At what value would a government report bonds payable on its government
At what value would a government report bonds payable on its government-wide statements? Why might this value differ from the bonds’ face value? Why might it differ from their market value?
See AnswerQ: A government’s interest expenditure, as reported in its debt service fund
A government’s interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. What is the most likely expla...
See AnswerQ: What are demand bonds? When can they be reported as long
What are demand bonds? When can they be reported as long-term, rather than current, obligations?
See AnswerQ: If, under GAAP, capital leases are considered long-term
If, under GAAP, capital leases are considered long-term obligations, why, in many jurisdictions, are they not subject to debt limitations?
See AnswerQ: Antonio County is assessing whether it should build a new correctional facility
Antonio County is assessing whether it should build a new correctional facility for nonviolent offenders. Currently offenders are housed in the county jail at a cost per inmate of approximately $52,00...
See AnswerQ: What are “capitation fees,” and how should they be accounted
What are “capitation fees,” and how should they be accounted for?
See AnswerQ: What are BANs, RANs, and TANs? Why are they
What are BANs, RANs, and TANs? Why are they accounted for differently?
See AnswerQ: What is overlapping debt, and why is it of significance to
What is overlapping debt, and why is it of significance to financial analysts and other users of a government’s financial statements?
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