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Leokris [45]
3 years ago
5

Excel City has $1,000,000 of 8%, 10 year general obligation bonds outstanding. The bonds were issued on October 1, 20x8 to finan

ce construction of city park improvements. Interest is payable semiannually on October 1 and April 1. The bonds also require an annual principal payment of $100,000 each April 1. What amount of debt service expenditures should the government report in its Debt Service Fund for the year ended December 31, 20x9?
Business
1 answer:
deff fn [24]3 years ago
3 0

Amount of debt service expenditures should the government report in its Debt Service Fund for the year ended December 31, 20x9 is $176,000

Explanation:

The Debt Service Fund recognises both interest expenses and main expenditures.

Debt service expenses are not normally accrued at the end of the year, but are recorded as debts.

In 20x9 the Debt Service Fund paid a total of $176,000-$40,000

Interest and $100,000 principal on April 1 (both Expenditures of the fund) and $36,000 interest on October 1.

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Here is the answer that completes the statement above.
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3 years ago
A production possibilities frontier can shift outward if a. resources are shifted from the production of one good to the product
Eduardwww [97]

Answer:

d. there is a technological improvement.

Explanation:

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3 years ago
An oil refinery must now begin sending its waste liquids through a costly treatment process before discharging them. The enginee
WARRIOR [948]

Answer:

Option A is the cheapest.

Explanation:

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7 0
3 years ago
The ability to attract and manage _________may be the most important skill a strategic leader must have.
Mars2501 [29]

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Human Capital

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2 years ago
Which of the following sentences uses the term ration correctly?
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The last one.

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