A government issues bonds at a discount. Where would the government report the discount on its (a)

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A government issues bonds at a discount. Where would the government report the discount on its
(a) Fund statements and
(b) Government-wide statements?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:46 AM

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A government issues bonds at a discount. Where would the government report the discount on its (a)

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On their fund statements the discount would not explicitly be reported since the debt itself w...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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