Author Question: A corporation is a business that is legally separate and distinct from its owners. a. True b. ... (Read 38 times)

azncindy619 · **on:** Jul 6, 2018

A corporation is a business that is legally separate and distinct from its owners.
a. True
b. False

Indicate whether the statement is true or false

Question 2

A government has 3,000,000 of 6, 10-year general obligation bonds outstanding. The bonds were issued on November 1, 20X8 to finance construction of a general capital asset. Interest is payable semiannually on October 31 and April 30 .

What amount of debt service expenditures should the government report for the year ended December 31, 20X8?
a. 0
b. 30,000
c. 90,000
d. 180,000