In the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds. The payment was made from a debt service fund using cash transferred earlier the same year from the general fund. How should the city report the expenditures

General fund: 0

Debt service fund: $25,000

Permanent: 0

Explanation:

From the question, we are informed that in the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds and that the payment was made from a debt service fund using cash transferred earlier the same year from the general fund.

The city report the expenditures in the following way:

General fund: 0

Debt service fund: $25,000

Permanent: 0

The debt service funds is simply the addition of $20,000 principal and the $5000 interest.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi