Question: A city issues 20 year bonds with a face value of 1 million. The bonds are issued at a 3% discount. The city incurred an

A city issues 20 year bonds with a face value of 1 million. The bonds are issued at a 3% discount. The city incurred an additional 10,000 in miscellaneous costs associated with the issuance. Which amount of expenditure should the city record for the bond issuance?

A 10,000

B 20,000

C 30,000

D 40,000

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