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Business, 03.07.2019 06:20 kaidee

The city of new haven issued $20 million of tax-supported bonds at 102 to finance a new jail. upon issuance, how will the premium be recorded? multiple choice a $400,000 revenue to the capital projects fund and a $400,000 revenue in governmental activities. a $400,000 revenue to the debt service fund and a $400,000 premium on bonds payable in governmental activities. a $400,000 expenditure in the debt service fund and a $400,000 expense in governmental activities. a $400,000 other financing source to the debt service fund and a $400,000 premium on bonds payable in governmental activities.

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The city of new haven issued $20 million of tax-supported bonds at 102 to finance a new jail. upon i...

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