Business, 15.04.2020 16:12 pstrezze1840
A county capital projects fund receives resources of $8,000,000 from a bond issue and a state grant of $15,000,000, to build an administration building. Both funding sources are externally restricted to the capital project. During the year contracts are signed for $20,000,000. Contractors submit bills for $5,000,000 and the county pays $4,000,000. At year-end, how does the capital projects fund report fund balance
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A county capital projects fund receives resources of $8,000,000 from a bond issue and a state grant...
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