8. Ashley Woods Village issued $4,000,000 in general obligation bonds to finance the widening of a...

 

Transcribed Image Text:

8. Ashley Woods Village issued $4,000,000 in general obligation bonds to finance the widening of a local thoroughfare. This transaction will most likely L. increase fund balance in the General Fund by $4.000,000. 2 decrease fund balance in the General Fund by $4.o00,000. 3. increase fund balance in the Capital Projects Fund by $4.000,000. 4 decrease fund balance in the Capital Projects Fund by $4.000,000. 5 have no effect on the fund balance of the Capital Projects Fund. 9. Government-wide financial statements include 1. a statement of net assets 2 a statement of activities 3. a statement of cash flows 4 All of the above. 5 tems a and b only. 6-non of the aboue 8. Ashley Woods Village issued $4,000,000 in general obligation bonds to finance the widening of a local thoroughfare. This transaction will most likely L. increase fund balance in the General Fund by $4.000,000. 2 decrease fund balance in the General Fund by $4.o00,000. 3. increase fund balance in the Capital Projects Fund by $4.000,000. 4 decrease fund balance in the Capital Projects Fund by $4.000,000. 5 have no effect on the fund balance of the Capital Projects Fund. 9. Government-wide financial statements include 1. a statement of net assets 2 a statement of activities 3. a statement of cash flows 4 All of the above. 5 tems a and b only. 6-non of the aboue