A city issues ten-year, $10,000,000 bonds at face value on January 1, 2023, to finance construction of a new school. Calculate the impact of this issuance on the total fund balance in the fund financial statements (Please use a negative number to indicate a decrease).

Answer rating: 100% (QA)

The issuance of tenyear 10000000 bonds at face value on January 1 2023 to finance the construction o... View the full answer