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  3. 2. a government issues $1 million in 30-year, 6 pe

2. A government issues $1 million in 30-year, 6 percent coupon bonds at a discount...

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Accounting

2. A government issues $1 million in 30-year, 6 percent coupon bonds at a discount of $27,092. The bonds were sold to yield 6.2 percent. At what amount would the bonds be reported (net) in the governmentwide statement of net position and governmental fund balance sheet immediately upon issuance? Government-Wide Fund

a. $1,000,000 $1,000,000 b. $ 972,908 $ 972,908 c. $ 972,908 $ 0 d. $ 972,908 $1,000,000

Please help explain how to get answer c, and why 0 at Fund balance sheet.

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