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A City's Enterprise Fund Issued Revenue Bonds with a Face

Question 20

Multiple Choice

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the issuance costs totaled $150,000. When the bonds are issued, the Enterprise Fund will report total other financing sources in the amount of


A) $0.
B) $9,850,000.
C) $10,000,000.
D) $10,200,000.

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