Solution-Find the date of issue the township general

Find the date of issue the township general long-term

Reference no: EM132829464

To finance a general government construction project Nathan Township issued $10,000,000 face value general obligation bonds $9,900,000. The township also incurred issuance costs equal to 2% of the face value. A Debt Service Fund will be used to account for repayment of the debt.

Problem 1: At the date of issue the Township's General Long-Term Liability accounts would reflect total liabilities for bonds payable liability of

a. $9,700,000

b. $9,900,000

c. $10,000,000

d. $10,100,000

Reference no: EM132829464

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Find the date of issue the township general long-term

Reference no: EM132829464

Reference no: EM132829464

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