Special assessment debt. residents of green acres, a gated community lo-cated in the city of foothills, voted to form a local improvement district to fund the construction of a neighborhood park. the city agreed to administer the bonded debt; however, residents of green acres are solely responsible for re-paying the bond issue. the following events are related to the special assess-ment park debt:
1. on january 1, 2017, the city assessed levies totaling $5,000,000 on properties within green acres. the levies are payable in 10 equal annual installments, beginning in the current year, with 5 percent interest due on unpaid installments.
2. all assessments associated with the current year’s installment were collected by december 31, 2017, as was the interest due on the unpaid installments. a portion of assessments receivable equal to the 2018 installment was reclassi-fied as current.
3. on january 1, 2018, the first principal payment of $500,000 was made to bondholders as was interest on the debt.
required
a. what type of fund should the city of foothills use to account for the special assessment debt?
b. make journal entries for each of the foregoing events for the city.
c. how would this fund be reported in the city of foothills’ financial statements?
d. how would the special assessment debt be recorded in the city of foothills’ financial statements?

Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false