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goji.go goji.go
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Posts: 5977
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9 years ago
A deficit unassigned fund balance was reported in a city Capital Projects Fund balance sheet. Which of the following explanations for the deficit is not plausible?
A.   The city financed a substantial portion of the project in the previous year.
B.   The city financed current year expenditures by issuing bond anticipation notes that are not general long-term liabilities.
C.   The city entered into a two-year construction contract. Transfers from the General Fund will be made each year to cover actual expenditures.
D.   The city had a large assigned fund balance.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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