Financing for the renovation of Fir City's municipal park, begun and completed during Year 1, came from the following sources: Grant from state government $400,000 Proceeds from general obligation bond issue 500,000 Transfer from Fir's general fund 100,000 In its Year 1 capital projects fund operating statement, Fir should report these amounts as:) Revenues Other Financing Sources A) Operating cash flow only. B) Investing cash flow only C) Operating or investing cash flow. D) Operating or financing cash flow.
Financing for the renovation of Fir City's municipal park, begun and completed during Year 1, came from the following sources: Grant from state government $400,000 Proceeds from general obligation bond issue 500,000 Transfer from Fir's general fund 100,000 In its Year 1 capital projects fund operating statement, Fir should report these amounts as:) Revenues Other Financing Sources A) Operating cash flow only. B) Investing cash flow only C) Operating or investing cash flow. D) Operating or financing cash flow.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financing for the renovation of Fir City's municipal park, begun and completed during Year 1, came from the following sources:
Grant from state government $400,000
Proceeds from general obligation bond issue 500,000
Transfer from Fir's general fund 100,000
In its Year 1 capital projects fund operating statement, Fir should report these amounts as:)
Revenues Other Financing Sources
Grant from state government $400,000
Proceeds from general obligation bond issue 500,000
Transfer from Fir's general fund 100,000
In its Year 1 capital projects fund operating statement, Fir should report these amounts as:)
Revenues Other Financing Sources
A) Operating cash flow only.
B) Investing cash flow only
C) Operating or investing cash flow.
D) Operating or financing cash flow.
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