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When bonds are sold at a premium for a capital project, the premium amount generally: Multiple Choice Increases the cash available to the capital projects

When bonds are sold at a premium for a capital project, the premium amount generally:

Multiple Choice

Increases the cash available to the capital projects fund.

Is transferred to the debt service fund.

Is applied against the principal balance by the fiduciary agent.

Is recorded in a fiduciary fund since it does not belong to the capital projects fund.

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