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In a Statement of Cash Flows prepared for a proprietary fund, interest expense on long term debt not related to capital acquisitions would be classified
In a Statement of Cash Flows prepared for a proprietary fund, interest expense on long term debt not related to capital acquisitions would be classified as Select one: O a. An operating activity O b. A noncapital related financing activity O c. An investing activity. Od. A capital related financing activity. A city had the following debt outstanding DEBT OUTSTANDING FOR A CITY 70,000,000 General obligation bonds to be paid from a debt service fund General obligation bonds to be paid from utility revenues Revenue bonds to be paid from utility revenues 5,000,000 8,000,000 The amount that should be shown as debt in the Utility Fund (an enterprise fund) would be: Select one: O a. $83,000,000. b. $13,000,000. 0. d.$ 8,000,000. Fixed assets for internal service funds should be accounted for Select one: O a. In the internal service fund. O b. In the general long term liabilities account. O c. In the general capital assets account. O d. In the plant funds group. Accrued interest sold when tax supported bonds are issued is usually deposited in which fund or account? Select one: O a. General Long Term Liabilities. Ob. Debt Service. C. Capital Projects O d. General
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