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Topic: Government accounting -Reconciliation (

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sunnydelite
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Joined: 07 Jul 2010
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Posted: 22 Jul 2010 at 20:28 \| IP Logged

I did research it from the Far forum, but find nothing, so
can anyone help to explain?

Thanks a lot!!!

ay435
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Posted: 31 Jul 2010 at 20:20 \| IP Logged

Item B.1

Topic 12: Governmental Accounting - Question #11:

This question states that payments of $219,000 were made that included principal of $500,000 and interest of $119,000. Clearly, this is not possible. The principal payment should be $100,000.

sunnydelite
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Posted: 31 Jul 2010 at 20:25 \| IP Logged

Hi Any435,

I think so too.

Do you know how to reconcile the interest part of the
question?

Thanks

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