How is a deferred interest expense adjustment reported in the statement of net assets of an Enterprise

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How is a deferred interest expense adjustment reported in the statement of net assets of an Enterprise Fund? If a government has Refunding Bonds Payable of $5 million with an associated premium of $200,000 and an associated deferred interest expense adjustment of $30,000 (debit balance), what amount of liabilities should be reported in the statement of net assets?

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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