A governmental entity issued general obligation bonds with a face value of $10,000,000 at a premium that totaled $100,000 for a governmental capital project. The General Long-Term Liability accounts would include total liabilities after issuance of

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The total liabilities after issuance of the bonds would equal the face value plus the premium, which is $10,000,000 + $100,000 = $10,100,000. Therefore, the General Long-Term Liability accounts would include $10,100,000 in liabilities.

A Governmental Entity Issued General Obligation Bonds with a Face