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_____ Ariel Village Issued the Following Bonds (Having a Secondary

Question 224

Multiple Choice

_____ Ariel Village issued the following bonds (having a secondary pledge) during the year ended 6/30/06:
_____ Ariel Village issued the following bonds (having a secondary pledge) during the year ended 6/30/06: How much should be accounted for through Debt Service Funds for payments of principal over the life of the bonds? A) $ -0- B) $300,000 C) $400,000 D) $700,000 How much should be accounted for through Debt Service Funds for payments of principal over the life of the bonds?


A) $ -0-
B) $300,000
C) $400,000
D) $700,000

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