A government issues 10-year bond with a face value of $100,000. The bonds were issued at a

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A government issues 10-year bond with a face value of $100,000. The bonds were issued at a 2% premium. The goverment incurred $3,000 in issuance costs.

What expenditure should the city record for this bond issuance?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Posted Date: Mar 19, 2024 05:39 AM

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A government issues 10-year bond with a face value of $100,000. The bonds were issued at a

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The expenditure the city should record for this bond issuance is 97000 Heres the breakdown 1 Fac... View the full answer

Governmental and Nonprofit Accounting

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