A corporation is a business that is legally separate and distinct ...

[azncindy619]

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

[mochi09]

Answer to Question 1

True

Answer to Question 2

A

[azncindy619]

Thanks for the timely response, appreciate it

[DylanD1323]

Wow, this really help