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goji.go goji.go
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Posts: 5977
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10 years ago
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.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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10 years ago
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goji.go Author
wrote...
#2
10 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
10 years ago
You're very welcome!
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