Question: A state constructs an office building. The construction is financed with: (1) a transfer of $2 million from the General Fund; (2) a grant of

A state constructs an office building. The construction is financed with: (1) a transfer of $2 million from the General Fund; (2) a grant of $2 million from the federal

government; (3) bond proceeds of $8 million; and (4) earnings of $100,000 from temporary investment of bond proceeds. All transactions occur in one year.

How much should be reported as Other financing sources in the Capital Projects Fund?

O $1.000 000

O $8 000 000

$3,000,000

O $10.000.000

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