Use the Following to Answer the Next Six Questions

question 142

Multiple Choice

Use the following to answer the next six questions:
During the fiscal year ended December 31, 2015, 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, 2015 and paid interest on October 1 and April 1. The first of 10 equal annual principal payments was due on April 1, 2016.
-What would be the amount of expenditures recorded by the debt service fund for the fiscal year ended December 31,2016?

• A) $440,000.
• B) $324,000.
• C) $320,000.
• D) $120,000.

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Definitions:

Complainant-Type Therapeutic Relationship

A therapeutic dynamic where the client primarily seeks to express grievances or dissatisfaction, requiring the therapist to navigate support and resolution strategies.

Customer-Type Relationship

A business-oriented relationship focused on transactions and customer satisfaction, typically lacking personal depth.

Behavior Contracting

A therapeutic technique where an agreement is made between a therapist and client outlining behaviors to be changed and the consequences of following or not following the agreement.

Contingency Management

A behavioral therapy approach that uses positive reinforcement to encourage abstention from substances or other unwanted behaviors.