Business, 15.03.2022 22:10 saskiat1155

On March 2, Year 4 the city of Finch issued 10-year general obligation bonds at face amount, with interest payable March 1 and September 1. The proceeds were to be used to finance the construction of a civic center over the period April 1. Year 4 to March 31 Year S. During the fiscal year ended June 30, Year 4, no resources had been provided to the debt service fund for the payment of principal and interest The liability for the general obligation bonds should be recorded in the Select one
a. General long-term liabilities account.
b. Capital projects tund
c. General fund
d: Debt service fund.

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On March 2, Year 4 the city of Finch issued 10-year general obligation bonds at face amount, with in...

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