If a Government Issues Bonds with a Face Value of $5,000,000

Multiple Choice

If a government issues bonds with a face value of $5,000,000 at a 2% discount and incurs $55,000 of issuance costs, the General Long-Term Liabilities accounts will report a liability of

A) $4,845,000.
B) $4,900,000.
C) $5,000,000.
D) $5,100,000.