Project #161328 - Government and Non-profit Accounting

Business Tutors

Subject Business
Due By (Pacific Time) 12/23/2016 08:00 am

 Unassigned Fund and Lowering Interest Cost

Instructions
Answer these two questions in a 1-2 page document.

  1. A government’s unassigned fund balance in the general fund at year-end should be indicative of the amount that the government has available for appropriation in future years. Explain and provide an example to support your answer.
  2. What is meant by an in-substance defeasance, and how can a government use it to lower its interest costs? How must it recognize a gain or loss on defeasance if it accounts for the debt in a proprietary fund? How do the GASB standards pertaining to in-substance defeasances differ from those of the FASB?

Requirements:

  • Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.
  • For written answers, please make sure your responses are grammatically correct and free from spelling errors.
  • Follow APA Requirements.

TutorRating
pallavi

out of 1971 reviews
amosmm

out of 766 reviews
PhyzKyd

out of 1164 reviews
rajdeep77

out of 721 reviews
sctys

out of 1600 reviews
sharadgreen

out of 770 reviews
topnotcher

out of 766 reviews
XXXIAO

out of 680 reviews