18-11 - of debt were made during the year 5 c The interest...

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E18-11 Multiple-Choice Questions on Government-wide Financial Statements 1. c ($1,450,000 - $120,000) 2. a [($1,450,000 - $120,000) - $780,000] 3. b 4. c For the amount of the bond issue proceeds. Note that no repayments
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Unformatted text preview: of debt were made during the year. 5. c The interest adjustment is from the modified accrual basis ($30,000) to the accrual basis of measurement ($25,000). 6. d 7. c 8. b 9. c 10. b...
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