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The city of windemere decided to contruct several large windmills to generate electrical power. The construction was financed through a general residential property tax levy
The city of windemere decided to contruct several large windmills to generate electrical power. The construction was financed through a general residential property tax levy for the next 10 years. Utility revenues are intended to offset all expenses associated with the windmills. The land for the windmills was donated to the city by a local farmer. The land from the farmer should be reported in which fund type? a. Special revenue b. Enterprise c. Permanent d. Capital projects
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