A Governmental Entity Issued General Obligation Bonds with a Face

question 14

Multiple Choice

A governmental entity issued general obligation bonds with a face value of $10,000,000 and at a premium that totaled $100,000 for a governmental capital project. The General Long-Term Liability accounts would report total liabilities as of the end of the year of issuance of

• A) $0.
• B) $100,000.
• C) $10,000,000.
• D) $10,100,000.

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Investment

The action or process of investing money for profit or material result.

New Capital

Funds or assets invested in a company or economy to generate growth and new business opportunities.

Capital Investment

Funds invested in a firm or enterprise for the purposes of furthering its business objectives, including the purchase of physical equipments, property, or technology.

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Devices that convert sunlight into electricity, used as a renewable energy source to power buildings, homes, and more.