Capital Projects Fund 20X5 proceeds from bonds issued at 95$2,850,000 20X5 expenditures (construction of new fire station,
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Capital Projects Fund
20X5 proceeds from bonds issued at 95$2,850,000
20X5 expenditures (construction of new fire station, started in 20X5,
to be completed in 20X6) $1,600,000
(1) In the capital projects fund, what amount would be reported as Restricted Fund Balance at December 31, 20X5?
(2) What amount would be reported as a capital asset in the county's government-wide statement of net position at December 31, 20X5 relative to the construction of the new fire station?
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ISBN: 9781266566899
2nd Edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
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