9. During the year an enterprise fund purchased S230,000 worth of equipment. The equipment was acquired with a cash down payment of S30,000 and a S200,000 loan. A partial year of depreciation on the equipment was taken in the amount of S23,000. What is the net effect of this transaction on the net position accounts of the enterprise fund? a. Net investment in capital assets is increased by S7,000. b. Net investment in capital assets is increased by S30,000. c. Net investment in capital assets is increased by S207,000. d. Net investment in capital assets is increased by S230,000. 10. Tinsel Town had the following long-term liabilities at year-end: Revenue bonds to be repaid from tolls collected by the superhighway enterprjse fund General obllqatlon bonds Issued fcr the Tinsel Town water utlllty. which Will serqce the debt $2gooo 200000 What amount should be recorded as long-term liabilities in the proprietmy fund financial statements? a. SO. b. $200,000. c. $250,000. d. $450,000. Page 302 I l. The City of Tutland issued SIO million, 6 percent, 10-year bonds at 101 to finance refurbishment of its water utility fund equipment. The bond issuance is recorded in the water utility enterprise fillid as a. Other financing sources of SIO.I million. b. Revenues of SIO.I million. c. Bonds payable of SIO.I million. d. Bonds payable of SIO million and premium on bonds payable of SIOO,OOO.