# 31 In 20x1 a city issues $10 million , 8% bonds at par on April 1,...

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# 31 In 20x1 a city issues $10 million , 8% bonds at par on April 1, to build improvements for its utilities enterprise fund. Interest is payable every six months from the date of issuance.

calculate amount of interest expense should this city report for the year ended 12/31/20x1?

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Mar 21, 2024 10:09 PM

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# 31 In 20x1 a city issues $10 million , 8% bonds at par on April 1,...

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Financial Accounting and Reporting a Global Perspective

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