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for the project came from the following sources: Transfer from Bay City's general fund Proceeds from general obligation bond issue Grant from state government a) $160,000 35000 I Which of the following amounts should appear in this year's governmental funds statement of revenues, expenditures, and changes in fund balances for other financing sources? b) $110,000 City was accounted for in a capital projects fund. Financing c) $100,000 d) $10,000 $60,000 $10,000 $100,000 $50,000

for the project came from the following sources: Transfer from Bay City's general fund Proceeds from general obligation bond issue Grant from state government a) $160,000 35000 I Which of the following amounts should appear in this year's governmental funds statement of revenues, expenditures, and changes in fund balances for other financing sources? b) $110,000 City was accounted for in a capital projects fund. Financing c) $100,000 d) $10,000 $60,000 $10,000 $100,000 $50,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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5. The construction of a bike path in Bay City was accounted for in a capital projects fund. Financing for the project came from the following sources: Transfer from Bay City's general fund Proceeds from general obligation bond issue Grant from state government Which of the following amounts should appear in this year's governmental funds statement of revenues, expenditures, and changes in fund balances for other financing sources? b) c) $10,000 $100,000 $50,000 $160,000 $110,000 $100,000 $10,000 $60,000
Transcribed Image Text:5. The construction of a bike path in Bay City was accounted for in a capital projects fund. Financing for the project came from the following sources: Transfer from Bay City's general fund Proceeds from general obligation bond issue Grant from state government Which of the following amounts should appear in this year's governmental funds statement of revenues, expenditures, and changes in fund balances for other financing sources? b) c) $10,000 $100,000 $50,000 $160,000 $110,000 $100,000 $10,000 $60,000
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