Which of the Following Items Is NOT an Example of an Item

question 53

Multiple Choice

Which of the following items is NOT an example of an item that would be reported as Other Financing Sources/Uses in the general fund?

• A) $10 million received from the issuance of bonds.
• B) $7,000 received from the sale of a used bulldozer.
• C) $200,000 capital lease obligation for a new bulldozer.
• D) $100,000 paid to a Motor Pool Internal Service Fund for automobile usage during the period.

---

Definitions:

Residual Value

The anticipated revenue from selling an asset once it has reached the end of its serviceable life.

Present Value Factors

Multipliers used to calculate the present value of a future amount of money or stream of cash flows, given a specific discount rate.

Operating Lease

An Operating Lease is a leasing agreement allowing the use of an asset but does not convey rights of ownership, with the lease term substantially less than the asset's economic life.

Interest Revenue

Income earned by a company for lending money or through investments in interest-bearing assets.