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Business, 02.01.2020 21:31 iritike3347

The city of spartan's fiscal year ends on december 31. on september 1, 2014, the city issued $1,000,000 of 6%, 10-year term bonds with semi-annual interest payments due on march 1 and september 1 each year, beginning on march 1, 2015. what amount of expenditures should the city recognize in its debt service fund for the years 2014 and 2015? a. $30,000 in 2014; $60,000 in 2015.b. $60,000 in 2014; $60,000 in 2015.c. $3,000 in 2014; $6,000 in 2015.d. $0 in 2014; $60,000 in 2015.

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