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A government issued $3 million of 8%, 3-year bonds payable for one of its business-type activities. Assuming that the bonds were sold at par, the

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A government issued $3 million of 8%, 3-year bonds payable for one of its business-type activities. Assuming that the bonds were sold at par, the net position of the proprietary fund in which the government accounted for this transaction increased by how much? A. $0 B. $3.72 million C. $3.0 million D. $720,000 Submit Answers The flow of current financial resources measurement focus is required when reporting: A. business-type activities. B. governmental activities o C. governmental funds. D. proprietary funds Submit A WRT The GCA-GLTL accounts are affected by transactions that affect: A cash B. Current assets. C. current liabilities O D. general government buildings, Submit An

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