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How much should be reported as other financing sources

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Question - A state constructs an office building. The construction is financed with: (1) a transfer of $2 million from the General Fund; (2) a grant of $2 million from the federal government; (3) bond proceeds of $8 million; and (4) earnings of $100,000 from temporary investment of bond proceeds. All transactions occur in one year. How much should be reported as other financing sources in the Capital Projects Fund?

Reference no: EM133132068

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