Question: 5 . Bonds are issued at a premium by a capital projects fund. The premium should be a . Retained in the capital projects fund

5. Bonds are issued at a premium by a capital projects fund. The premium should be
a. Retained in the capital projects fund
b. Credited directly to the restricted fund balance of the capital projects fund
c. Transferred to the debt service funds
d. Used to reduce the net cost of the project involved

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