The following cash transactions were among those reported by Genesee County's Wastewater Enterprise Fund for the year: Proceeds from sale of revenue bonds for construction$5,000,000 Interest income 300,000 Capital contributed by developers 1,000,000 In the Wastewater Enterprise Fund's statement of cash flows for the year ended December 31, what amount should be reported as cash flows from investing activities?
A. $5,300,000.
B. $1,300,000.
C. $6,300,000.
D. $ 300,000.
Answer: D
You might also like to view...
"What prompted you to apply for our company?" is an example of a traditional interview question
Indicate whether this statement is true or false.
According to GAAP, interest must be capitalized for
A) assets that are ready for use. B) assets constructed for a firm's own use. C) assets that are not being used in the earning activities of the company. D) inventories that are produced in large quantities on a repetitive basis.
The business necessity argument ___________________ in a disparate treatment case.
A. cannot be used as a legal defense B. can be used as a legal defense C. is the key to winning D. cannot be used at all E. None of the above
Most African countries have their main trade relationships with
A. China. B. the U.S. and EU. C. developed countries, often their former colonial powers. D. one another, within the continent.