On the Statement of Revenues,expenditures,and Changes in Fund Balance for a Capital

question 9

Multiple Choice

On the statement of revenues,expenditures,and changes in fund balance for a capital projects fund,proceeds of general obligation bonds should be reported:

• A)in the revenue section of the statement.
• B)as a direct addition to the beginning balance of unreserved fund balance.
• C)in the other financing sources (uses)section of the statement.
• D)as a subtraction from construction expenditures.

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