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goji.go goji.go
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9 years ago
A city’s Enterprise Fund received $3,000,000 cash in the form of a capital grant during the fiscal year ended June 30, 20X3.  The Enterprise Fund incurred and paid construction costs from that grant in the amount of $1,200,000.  What amount should be reported on the Enterprise Fund Statement of Net Position as restricted for capital outlay?
A.   $0
B.   $1,200,000
C.   $1,800,000
D.   $3,000,000
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Diesel
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f_zah1f_zah1
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