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13. A city had the following debt outstanding. CITY OUTSTANDING DEBT General obligation bonds to be paid from utility revenues Revenue bonds to be paid

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13. A city had the following debt outstanding. CITY OUTSTANDING DEBT General obligation bonds to be paid from utility revenues Revenue bonds to be paid from utility revenues General obligation bonds to be paid from a debt service fund S 70,000,000 5,000,000 8,000,000 The amount that should be shown as debt in the Utility Fund (an enterprise fund) would be: (a) S (b) $ 8,000,000. (c) $13,000,000. (d) $83,000,000. 0. A city sold $5,000,000 in 6 percent general obligation bonds on July 1, 20X3. The bonds are dated July 1, interest payments are due January 1 and July 1, and the first of ten equal annual principal payments is due July 1, 20x4. If the fiscal year of the city ends on June 30, the amount of debt service expenditures to be recognized for the fiscal year 20X3-20X4, assuming the city records debt service expenditures when legally due and payable, would be: (a) $300,000. (b) $650,000. (c) $150,000. 14. (d $800,000. A bond indenture in which the total payments, including principal and interest, are the same each period, is known as a(n): (a) Regular serial bond indenture. 15. (b) (c) (d) Annuity serial bond indenture. Irregular serial bond indenture. Ordinary serial bond indenture

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