The following facts pertain to an Enterprise Fund of a city during its fiscal year-end:

Outstanding bonds issued to provide funding for capital projects $5,000.000

Customer service revenue for utility services provided this year $20,000,000

Annual transfer to General Fund $500,000

Capital bond proceeds not yet spent for capital projects $2,000,000

Current year payroll expenditures $4,500,000

Interest earnings on investments $200,000

Acquisition value of land donated by another government $1,500,000

Net book value of all remaining fund capital assets $3,000,000

Outstanding bonds issued to pay for clean energy research $1,500,000

Based on this information, the total of this funds Net Investment in Capital Assets is

	a.	$7,000,000
	b.	$9,000,000
	c.	$0
	d.	$1,500,000

1. A $35 million bond is issued at a 1% premium by an SLG, which also incurs $25,000 in bond issue costs. The bond proceeds are designated to be used to pay for a general government capital project. The issuance of the bond requires accounting recognition in which of the following accounting entities?

   	a.	Only the GLTL
   	b.	The GCA and a Debt Service Fund
   	c.	The GLTL and a Debt Service Fund
   	d.	The GLTL and a Capital Projects Fund