The following transactions were among those reported by Morris City's water utility enterprise fund for the current year.
Proceeds from sales of revenue bonds $3,900,000
Cash received from customer households $1,600,000
Capital contributed by subdivisions $700,000
In the water utility enterprise fund's statement of cash flows for the current year, what amount should be reported as cash flows from capital and related financing activities?
A) $3,900,000
B) $6,200,000
C) $5,500,000
D) $4,600,000
Correct Answer:
Verified
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