The City of Tutland issued $10 million, 6 percent, 10-year bonds at 101 to finance refurbishment of its water utility fund equipment. The bond is suance is reported in the water utility enterprise fund statement of cash flows as
a. A cash flow from operating activities.
b. A cash flow from noncapital financing activities.
c. A cash flow from capital and related financing activities.
d. A cash flow from investing activities.
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E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
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The City of Tutland issued $10 million, 6 percent, 10-year bonds at 101 to finance refurbishment of...
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