Financing for the renovation of Fir City’s municipal park, begun and completed during 2005, came from the following sources:

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Grant from state government

$400,000

Proceeds from general obligation bond issue

500,000

Transfer from Fir’s general fund

100,000

In its 2005 capital projects fund operating statement, Fir should report these amounts as

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Revenues

Other financing sources

a.

$1,000,000

$0

b.

$ 900,000

$ 100,000

c.

$ 400,000

$ 600,000

d.

$0

$1,000,000