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A city transfers $300,000 from the general fund to the capital projects fund to initiate construction on a new office building. The new office building

A city transfers $300,000 from the general fund to the capital projects fund to initiate construction on a new office building. The new office building is built for a total cost of $300,000. Assuming that the contractor is paid in cash, calculate the impact of these events on the total net position for government-wide financial statements (Please use a negative number to indicate a decrease)

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