Get comprehensive answers to your questions with the help of IDNLearn.com's community. Ask your questions and receive comprehensive, trustworthy responses from our dedicated team of experts.

The City of Touchstone issued $1,000,000 general obligation bonds at 102 to build a new community center. As part of the bond issue, the city also paid a $2,500 underwriter fee and $4,000 in debt issue costs. What amount should the City of Touchstone report as other financing sources?
- $1,020,000.
- $1,000,016.
- $1,013,500.
- $1,000,000.


Sagot :