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 $ 10,000
Proceeds from general obligation bond issue $100,000
Grant from state government $ 50,000
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?
A) $160,000
B) $110,000
C) $100,000
D) $10,000
E) $60,000
Correct Answer:
Verified
Q62: In the governmental fund types, expenditures are
Q63: The City of Holbrook transferred $100,000 from
Q64: During the year the City of Hamburg
Q65: A state government has the following transactions
Q66: When a government finances the purchase of
Q68: Which of the following is not an
Q69: Janet Township decides to rent a vacant
Q70: Harris County transferred $300,000 from the general
Q71: Which of the following activities would be
Q72: Employees of the City of Hastings are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents