Business, 20.11.2019 05:31 baca23jasmine

On march 2, 2020, 20-year, 6 percent, general obligation serial bonds were issued by mossy county at the face amount of $3,000,000. interest of 6 percent per year is due semiannually on march 1 and september 1. the first principal payment of $150,000 is due on march 1, 2021. the county’s fiscal year-end is december 31. what amounts are reported as interest expense in the government-wide financial statements and interest expenditure in the debt service fund for 2020?

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On march 2, 2020, 20-year, 6 percent, general obligation serial bonds were issued by mossy county at...

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