Question
Kyron City sold $5,000,000 of general obligation serial bonds at a 2.5% premium to finance the construction of a bike path. Premiums are used for
Kyron City sold $5,000,000 of general obligation serial bonds at a 2.5% premium to finance the construction of a bike path. Premiums are used for debt service. Also, a bond anticipation note of $100,000 was retired. The bond anticipation note should be considered as a long-term liability. The entry to record the transactions in a Capital Projects Fund would be:
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Development Of Integrated Reporting In The SME SectorCase Studies From European Countries
Authors: Joanna Dyczkowska, Andrea Szirmai Madarasine, Adriana Tiron-Tudor
1st Edition
3030819027, 9783030819026
