Question
QUESTION 40 Cedar City issues $2,000,000, 6% revenue bonds were issued at par on April 1, to build a new water line for the water
QUESTION 40
Cedar City issues $2,000,000, 6% revenue bonds were issued at par on April 1, to build a new water line for the water enterprise fund. Interest is payable every six months. What amount of interest expense should be reported for the year ended December 31?
- $90,000
- $120,000
- $0
- $60,000
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
