Question: Question 5 2.5 points Saved Cedar City issues $2,000,000, 6% revenue bonds were issued at par on April 1, to build a new water line

Question 5 2.5 points Saved Cedar City issues $2,000,000, 6% revenue

Question 5 2.5 points Saved Cedar City issues $2,000,000, 6% revenue bonds were issued at par on April 1, to build a new water line for the water enterprise fund. Interest is payable every six months. What amount of interest expense should be reported for the year ended December 31? $90,000 $120,000 O $0 $60,000 A Moving to another question will save this response. Question 5 of 40 Close Window

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