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The Village issued $30 million of tax-supported bonds at 102 to finance a new fire station. Upon issuance, how will the premium be recorded? A
The Village issued $30 million of tax-supported bonds at 102 to finance a new fire station. Upon issuance, how will the premium be recorded? A $600,000 other financing source to the debt service fund and a $600,000 premium on bonds payable in governmental activities A $600,000 revenue to the debt service fund and a $600,000 premium on bonds payable in governmental activities A $600,000 expenditure in the debt service fund and a $600,000 expense in governmental activities. A $600,000 revenue to the capital projects fund and a $600,000 revenue in governmental activities
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