The Following Cash Transactions Were Among Those Reported by Genesee

question 22

Multiple Choice

The following cash transactions were among those reported by Genesee County's Wastewater Enterprise Fund for the year: Proceeds from sale of revenue bonds for construction $5,000,000
Interest income 300,000
Capital contributed by developers 1,000,000
In the Wastewater Enterprise Fund's statement of cash flows for the year ended December 31,what amount should be reported as cash flows from capital and related financing activities?

• A) $5,000,000.
• B) $5,300,000.
• C) $6,000,000.
• D) $6,300,000.

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Definitions:

Tax Rate

A proportion or rate at which an individual or business is taxed by the government, often expressed as a percentage.

Dividends Paid

The total amount of money distributed to shareholders from a corporation's earnings.

Retention Ratio

The percentage of net earnings not paid out as dividends but kept by the company for reinvestment.