WebNC WebThe new guidance requires debt issuance costs to be presented as a direct deduction from the debt liability, consistent with debt discounts or premiums, rather than as a deferred asset. This is consistent with the guidance in Concepts Statement 6, which says debt issuance costs are similar to a debt discount and in effect reduce the proceeds of ...
NOTE 6 – Bonded Indebtedness- Reporting Requirements …
WebGASB Standards CAP Bulletins ... Unamortized Refunding Bond Issue Costs Refunding Bonds Payable Retirement: Bonds Payable (old debt) ... Interest Expense Unamortized Refunding Bond Issue Costs 80,000 17,316 1,500 80,000 17,316 1,500 #1 EF established [Page 404] Cash Transfer from GF 400,000 400,000 WebGASB Statement No. 7 ... To record underwriter’s discount ($50) and bond issuance costs ($30). DR 3500 Expenditure Control-Cash (C/O 4050 Bond Costs) 50 CR 0065 Unreconciled Deposit 50 Note: Because DAS managed the bond refunding, it will bill agencies for their portion of the costs of issuance ($30). Agencies record the expense … rainbow friends is purple a girl
Proprietary Funds- Reporting Requirements for Annual Financial …
Web(5.2%) due to issuance of new revenue bonds, net of repayments, realization of bond premiums on issuance of the new bonds, and repayment of a state of Washington loan. Operating expenses, including depreciation, decreased $5,806,403, a 3.3% reduction from 2001, due primarily to reduced energy expenses. WebDepreciation and amortization relating to fixed assets, definite-lived intangible assets, capital leases, premiums, or discounts on debt (including debt issuance costs) Lessee’s amortization of right-of-use assets (see FSP 6.9.18) Provisions for bad debts and inventory; Share-based incentive compensation; Deferred income taxes; Impairment losses WebSummary of Statement No. 34Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments(Issued 6/99) This Statement establishes new financial reporting requirements for state and local governments throughout the United States. When implemented, it will create new information and will restructure much ... rainbow friends juego roblox