Question: A state constructs an office building. The construction is financed with: (1) a transfer of $360,000 from the General Fund, (2) a grant of $750,000
A state constructs an office building. The construction is financed with: (1) a transfer of $360,000 from the General Fund, (2) a grant of $750,000 from the federal governments (3) bond proceeds or $880,000, and (4) carnings of S150,000 from temporary investment of bond proceeds. All transactions occur in one year. Based on the preceding set of facts, how much should be reported as Other financing sources in the Capital Projects Fund
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