Enterprise Fund for a utility operation: Cash flows for noncapital financing activities would decrease a. $0. b.
Question:
Enterprise Fund for a utility operation:
Cash flows for noncapital financing activities would decrease
a. $0.
b. $10,100,000.
c. $9,500,000.
d. $500,000.
e. None of the above.
Transcribed Image Text:
Outstanding bonds issued for capital improvements. Transfer to General Fund (occurs annually).... Charges for services earned in the current year.. Unspent capital bond issue proceeds.... Salaries and wages expense for the current year Interest earnings on all investments... ***** ..... Fair market value of water lines donated by a local developer...... Net book value of all other existing capital assets.. $ 10,500,000 500,000 14,600,750 4,000,000 9,600,000 600,000 1,000,000 7,310,500
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the cash flows for noncapital financing activities would decrease by 10100000 This is because the ou...View the full answer
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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