Assignment
Read Chapters 5 (Accounting for general capital assets) and Chapter 6 (Accounting for general long term liabilities) of your Accounting for Governmental and Nonprofit entities Book (16th or 17th edition) and write a 1,700 word essay that covers the following topics:
- What are capital assets? Provide example
- What are capital projects funds? Provide example
- Why are long term liabilities in governmental accounting?
- What is the difference between debt limit and debt margin?
- What are different types of serial bonds in governmental accounting?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.