What would be the amount of debt service expenditures reported in the fiscal year ended June 30, 2010?

Name: What would be the amount of debt service expenditures reported in the fiscal year ended June 30, 2010?
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Question

Quizplus · Accepted Answer

Based on the information given, the amount of debt service expenditures for the fiscal year ended June 30, 2010 can be calculated by adding the amount of interest paid ($120,000) to the amount of principal paid ($205,500), which equals $325,500. Therefore, the correct answer is B.

What Would Be the Amount of Debt Service Expenditures Reported