What amount of interest expense should gotham report

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Question - On December 1, Gotham City issued $1,000,000, ten year, 6% general obligation bonds at par with no bond issue costs. The bonds pay interest on September 1 and March 1. What amount of interest expense and bond interest payable should Gotham report in its government-wide financial statements at the close of the fiscal year on December 31?

Reference no: EM133106852

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