The city of sycamore has investments in bonds. these bonds have an amortized cost of $1,997,000. at year end, the financial press reports a market value of $2,002,600 for these bonds. the original cost of the bonds was $1,993,000. the par value at maturity will be $2,000,000. the amount at which the investments would be reported is:

The answer is: $2,002,600

Explanation:

Government entities, like municipal governments, have to record all the bonds they hold at their fair market value. In case the government entity is not able to determine the fair market value of the bonds, they must record them at their amortized cost.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.