tal Projects Fur ncy Fund & DebE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Extra money was left over from a construction project is transferred for payment of interest on general obligation bonds used to finance the
project. Which funds would be involved in this transfer of cash?
A) Capital Projects Fund & Debt Service Fund.
B) Agency Fund & Debt Service Fund.
C) Capital Projects Fund & General Fund.
D)
Capital Projects Fund & Agency Fund.
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