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Title: A city constructs a new building by issuing debt in the amount of $3 million. Ho Post by: goji.go on Oct 20, 2014 A city constructs a new building by issuing debt in the amount of $3 million. How should the city report the debt proceeds in its Capital Projects Fund statement of revenues, expenditures, and changes in fund balance?
a. as a revenue b. as an other financing source c. as a liability captioned general long-term obligations d. as a liability captioned due to the debt service fund Title: Re: A city constructs a new building by issuing debt in the amount of $3 million. Ho Post by: f_zah1 on Oct 23, 2014 Content hidden
Title: Re: A city constructs a new building by issuing debt in the amount of $3 million. Ho Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: A city constructs a new building by issuing debt in the amount of $3 million. Ho Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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