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goji.go goji.go
wrote...
Posts: 5977
9 years ago
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
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3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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goji.go Author
wrote...
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
9 years ago
You're very welcome!
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