Use the Following to Answer the Next Four Questions

question 105

Multiple Choice

Use the following to answer the next four questions:
On April 1, 2014, the City of Southern Ponds issued $4,000,000 in 4% general obligation, tax supported bonds at 101 for the purpose of constructing a new police station. The premium was transferred to a debt service fund. A total of $3,990,000 was used to construct the police station, which was completed before December 31, 2014, the end of the fiscal year. The remaining funds were transferred to the debt service fund. The bonds were dated April 1, 2014, and paid interest on October 1 and April 1. The first of 20 equal annual principal payments of $200,000 is due April 1, 2015.
-What amount would be reported as debt service expenditures for 2015?

• A) $356,000.
• B) $352,000.
• C) $354,000.
• D) $360,000.

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Definitions:

Phlebitis

Inflammation of a vein, often in the legs, which can lead to pain, swelling, and redness.

Postoperative

Referring to the period after surgical operation, focusing on recovery and monitoring for complications.

Nursing Assistive Personnel (NAP)

Healthcare workers who provide basic patient care under the supervision of nursing staff, often assisting with activities of daily living.

Pressure Ulcer

Damage to the skin and underlying tissue caused by prolonged pressure, often occurring in individuals who are bedridden or immobile.