QUESTION 27 0. A special district accounts for its general fund on a modified accrual basis. In a particular period it engaged in the following transactions: It issued $20 million in long-term bonds. It acquired several tracts of land at a total cost of $4 million, paying the entire amount in cash. It sold a portion of the land for $1 million, receiving cash for the entire amount. It repaid $2 million of the bonds. It lost a lawsuit and was ordered to pay $9 million over three years. It made its first cash payment of $3million. . What is the total Expenditure reported in the General Fund ? $2 Mill What is the total Expenditure reported in the General Fund ? $2 Mill $3 Mill O $4 Mill O $7 Mill