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22 June, 11:16

A government issued $1M in 30-year, 6% coupon bonds at a discount of $27,092. The bonds were sold to yield 6.2%. At what amount would the bonds be reported (net) in the government-wide statement of net position and governmental fund balance sheet immediately upon issuance?

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  1. 22 June, 14:26
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    Government-Wide = $972,908 (1M - Discount)

    Fund = $0
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