on the following facts about an Enterprise Fund for a utilityoperation: Outstand

Transfer to General Fund is the only noncpitalfinancing activity. Hence , the answer is D. 500,000

ID: 2450297 • Letter: O

Question

on the following facts about an Enterprise Fund for a utilityoperation:

Outstanding bonds issued for capitalimprovements........................ $10,500,000

Transfer to General Fund (occursannually)..................................... $500,000

Charges for services earned in the currentyear................................. $14,600,750

Unspent capital bond issueproceeds.................................................$4,000,000

Salaries and wages expense for the currentyear............................... $9,600,000

Interest earning on allinvestments....................................................$600,000

Fair market value of water lines donated by a localdeveloper.......... $1,000,000

Net book value of all other existing capitalassets............................. $7,310,500

A. $0

B. $10,100,000

C. $9,500,000

D. $500,000

E. None of the above

Transfer to General Fund is the only noncpitalfinancing activity.

Hence , the answer is

D. 500,000

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