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Long-Term Debt There were $11,000,000 of outstanding long-term notes associated with governmental-type funds as of January 1, 2017. Interest is paid monthly. December 31, 2017,
- Long-Term Debt
- There were $11,000,000 of outstanding long-term notes associated with governmental-type funds as of January 1, 2017. Interest is paid monthly.
- December 31, 2017, notes with a face value of $6,370,000 were issued at par. In addition, principal payments totaled $1,340,000.
- The notes, and any retained percentage on construction contracts, are associated with the purchase of capital assets.
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
