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:

Total Amount

The complete sum or quantity calculated by adding together all the individual components or values.

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Reportable Segment

A part of an organization that engages in business activities from which it may earn revenues and incur expenses, and whose operating results are regularly reviewed by the organization's chief operating decision maker.

Operating Segment

A component of a business that engages in business activities from which it may earn revenues and incur expenses, including segments with related products, services, or geographic areas.