Question
When bonds are sold at a premium for a capital project, the premium amount generally Increases the cash available to the capital projects fund Is
When bonds are sold at a premium for a capital project, the premium amount generally
Increases the cash available to the capital projects fund
Is transferred to the debt service fund
Is transferred to the General Fund
Is ignored by both the capital projects fund and any other fund
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
10th Edition
0072316373, 978-0072316377
