Register
A government issued $1M in 30-year, 6% coupon bonds at a discount of $27,092. The bonds were sold to yield 6.2%. At what amount would the bonds be reported (net) in the government-wide statement of net
21.9k views
0 votes
A government issued $1M in 30-year, 6% coupon bonds at a discount of $27,092. The bonds were sold to yield 6.2%. At what amount would the bonds be reported (net) in the government-wide statement of net position and governmental fund balance sheet immediately upon issuance?

User Mac Luc
by
4.2k points

1 Answer

4 votes

Answer:

Government-Wide = $972,908 (1M - Discount)

Fund = $0

User Chris Boon
by
5.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.4m questions

7.0m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the unemployment rate has been equal to the natural rate of unemployment for
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
This problem has been solved! See the answer Currently, Warren industries can sell 15-year, $1,000 par value bonds paying annual interest at a 12% coupon rate. As a result of current interest rates, the
Link Copied!