In the statement of revenues, expenditures, and changes in fund balances, a transfer received by the Debt Service Fund from the General Fund should be reported by the Debt Service Fund as a:
a. transfer in, in the other financing sources/uses section
b. negative expenditure, in the expenditure section
c. direct addition to equity, in the fund balance section
d. reimbursement, in the revenue section
a
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This risk of default is associated with general economy-wide or macro conditions affecting all borrowers.
A. Systematic credit risk. B. Firm-specific credit risk. C. Refinancing risk. D. Liquidity risk. E. Sovereign risk.
ABC company has two bonds outstanding that are the same except for the maturity date. Bond D matures in 4 years, while Bond E matures in 7 years. If the required return changes by 5 percent, then ________
A) bond D will have a greater change in price B) bond E will have a greater change in price C) the price of the bonds will be constant D) the percentage price change for the bonds will be equal