If bonds are sold at a premium to finance a capital project, what important question arises concerning

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If bonds are sold at a premium to finance a capital project, what important question arises concerning the premium? Discuss the proper accounting for a bond premium in the capital projects fund, the debt service fund, and the government-wide statements assuming that the premium must be reserved for debt service.

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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