Permanent Fund and Bond Refunding
OPTION #1: A GOVERNMENT ACCOUNTING FOR PERMANENT FUND AND BOND REFUNDING
Provide complete answers to the following:
What is the difference between Permanent Funds and Private Purpose Trust Funds?
The General Fund is always considered to be a major fund. When are other governmental funds considered major?
What is a bond refunding and why do governments refund bonds?
What is the difference between a current refunding and advance refunding?
In your analysis, include the following:
Requirements 1 – 4
Submit your responses to the questions in a one- to two-page document in MSWord. Label each question clearly. For computations, please include them in a table.
For written answers, please make sure your responses are well written.
The required number of pages for the assignment does not include the title page and references page.
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