Business, 07.04.2020 19:59 viktoria1198zz

A city sells $15 million of general obligation bonds on October 1, 2019. The bonds mature at the rate of $1 million a year each September 30, starting September 30, 2020. The amount due September 30, 2020 is paid. How much should the city report as outstanding debt in the Debt Service Fund in its year-end fund level financial statements on December 31, 2020?

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A city sells $15 million of general obligation bonds on October 1, 2019. The bonds mature at the rat...

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