During the Fiscal Year Ended December 31, 2017, the City

question 56

Multiple Choice

During the fiscal year ended December 31, 2017, the City of Johnstown issued 6% general obligation serial bonds in the amount of $2,000,000 at 102 $2,040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20,000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds were dated April 1, 2017 and paid interest on October 1 and April 1. The first of 10 equal annual principal payments was due on April 1, 2018.
-The amount of capital outlay expenditures reported by the capital projects fund would be:

• A) $1,980,000.
• B) $2,000,000.
• C) $2,040,000.
• D) $3,000,000.

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Definitions:

Cross-Cultural Sensitivity

The ability to understand and appreciate cultural differences and to interact effectively with people from diverse backgrounds.

Intercultural Communication

The process of exchanging meaningful and unambiguous information between people from different cultural backgrounds.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people of different cultures and socio-economic backgrounds.

Social Equity

The fair and just distribution of resources and opportunities among all members of a society, aiming to reduce disparities and promote equality.