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out agreement and may be part of the letter of credit or may be a separate agreement The question as to the accounting for demand bonds centers around whether a demand bond that matures in ten years but may be redeemed by the bondholder at any time with thirty days notice is a long-term liability or a short-term liability The accounting for demand bonds was established by GASB Interpretation No 1, Demand Bonds Issued by State and Local Governments (GASBI 1) It addresses the accounting for demand bonds that have demand provisions that are exercisable at the balance sheet date or within one year from the date of the balance sheet Interpretation No.



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3.71 Usin g loop analysis, fi nd \1;, in the c ircui t in Fig. P3.71. ()

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1 requires that these bonds be reported as a liability of the fund (usually the capital projects fund) unless all of the following conditions are met: The government bond issuer has entered into a financing (takeout) agreement to convert the bonds into some other form of long-term obligation (Also, this takeout agreement must be with an unrelated third party) The takeout agreement does not expire within one year from the date of the government s balance sheet The takeout agreement is not cancelable by the lender or the prospective lender during that year, and obligations incurred under the takeout agreement are not callable during the year The other party to the takeout agreement is expected to be financially capable of honoring the takeout agreement.





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Example 10.3. Kiihn s nine-node queueing network. We take a queueing network similar to the one discussed in [166, Section 4.2.31 and [287, Section VI]. It is a nine-node queueing network as depicted in Figure 10.6. Customers arrive via a renewal process at nodes 1-3, each with arrival intensity X = 0.55. All node service times are, on average, equal to 1, except for node 5, at which the mean service time equals 2. Three cases are addressed, with different coefficients of variation for the arrival and service processes. For every case, all the arrival processes have identical coefficients of variation, and so have the service times.

Depending on the angle of sunlight in your image, you may want to rotate, scale, or even warp the shadow to make it look more realistic. With the shadow layer selected, choose Edit Transform.

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So what does all this mean in English If a government has a fairly ironclad ability to avoid paying demand bonds out of current financial resources by using a takeout agreement, the liability does not have to be recorded in the governmental fund and would appear only on the government-wide statement of net assets since it would be considered a long-term liability However, if there is no takeout agreement, or if the takeout agreement has some loopholes, the assumption is that current financial resources may have to be used to pay the demand bonds, and the liability for the demand bonds would be recorded as a liability.

Square matrices have at least one nonzero vector that satisfies equation 7.13, where X is a number. Such vectors are called eigenvectors, and the number X is called the associated eigenvalue. For these vectors, matrix multiplication is equivalent to multiplication by a number.

After opening a file, choose Window Animation if you don t already have the Animation panel open. The Animation panel opens by default to the Animation (Timeline) panel. Use the Convert to Frame Animation icon at the bottom-right corner of the panel to convert the panel to Animation (Frames). You also can choose Convert to Frame Animation from the Panel menu.

1 A definition of the virtual enterprise concept can be found at the National Industrial Information Infrastructure Protocol (NIIIP) Web site ( w ww.niiip .or g).

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