Nizwa city was awarded two state grants during the fiscal year 2019 RO 4 million and RO 2 million respectively. These grants used only for restricted purposes. The expenditure related to the restricted activity is RO 2 million and bond issued and collected RO 5 million for special restricted activity. The other financing sources in the special revenue fund is a. RO 10 million b. RO 8 million c. RO 5 million d. None of the options
Nizwa city was awarded two state grants during the fiscal year 2019 RO 4 million and RO 2 million respectively. These grants used only for restricted purposes. The expenditure related to the restricted activity is RO 2 million and bond issued and collected RO 5 million for special restricted activity. The other financing sources in the special revenue fund is a. RO 10 million b. RO 8 million c. RO 5 million d. None of the options
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nizwa city was awarded two state grants during the fiscal year 2019 RO 4 million and RO 2 million respectively. These grants used only for restricted purposes. The expenditure related to the restricted activity is RO 2 million and bond issued and collected RO 5 million for special restricted activity. The other financing sources in the special revenue fund is
a.
RO 10 million
b.
RO 8 million
c.
RO 5 million
d.
None of the options
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