6. On March 2, 2018, Finch City issued 10-year general obligation bonds at face amount, with…

6. On March 2, 2018, Finch City issued 10-year general
obligation bonds at face amount, with interest payable on March 1 and September
1. The proceeds were to be used to finance the construction of a civic center
over the period from April 1, 2018, to March 31, 2019.

Don't use plagiarized sources. Get Your Custom Essay on
6. On March 2, 2018, Finch City issued 10-year general obligation bonds at face amount, with…
Just from $13/Page
Order Essay

During the fiscal year ended June 30, 2018, no resources had
been provided to the debt service fund for the payment of principal and
interest. On June 30, 2018, in which statements should Finch report the
construction in progress for the civic center?