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Author Question: The City of Newport issued 1,500,000 of general obligation refunding bonds at a 2 premium. Bond ... (Read 100 times)

sammy

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on: Jul 5, 2018
The City of Newport issued 1,500,000 of general obligation refunding bonds at a 2 premium. Bond issuance costs of 15,000 were incurred. The proceeds, net of the premium and bond issue costs, are being used to refund the outstanding bonds.
 
  Debt Service Fund Expenditures will be debited for
  A. 15,000.
  B. 30,000.
  C. 1,455,000.
  D. 1,470,000.

Question 2

A customer is an example of an internal entity.
  Indicate whether the statement is true or false


fauacakatahaias

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

F


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