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A city issues ten-year, $10,000,000 bonds at face value on January 1, 2023, to finance construction of a new school. Calculate the impact of this

A city issues ten-year, $10,000,000 bonds at face value on January 1, 2023, to finance construction of a new school. Calculate the impact of this issuance on the total fund balance in the fund financial statements (Please use a negative number to indicate a decrease).

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