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Use the following to answer the next five questions:
On October 1, 2014, the City of Mizner issued $4,000,000 in 4%, general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $3,975,000 was used to construct the addition, which was completed prior to June 30, 2015. The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2014, and paid interest on April 1 and October 1. The first of 20 annual principal payments of $200,000 is due October 1, 2015. The fiscal year for Mizner is July 1- June 30.
-In addition to a capital asset in the government-wide Statement of Net Position,how would the construction costs of $3,975,000 be reported at year-end?
Internet
A global network of computers and servers that supports a vast range of information sharing and communication services, including the World Wide Web.
Unwed Individuals
People who are not legally married or part of a matrimonial union.
Romantic Partners
Individuals involved in a romantic relationship with each other.
Homogamy
The practice or trend of selecting a life partner who is socially, economically, and culturally similar to oneself.
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