3. Rose City settled a claim brought against it during the year by a building contractor. The city agreed to pay $7.5 million immediately and $11 million at the end of the following year. 4. Rose City...

3. Rose City settled a claim brought against it during the year by a building contractor. The city agreed to pay $7.5 million immediately and $11 million at the end of the following year.

4. Rose City issued $100 million in general obligation bonds at a price of $99.8 million— that is, a discount of $0.2 million.