Which of the following items is NOT an example of an item that would be reported as Other Financing Sources/Uses in the General Fund?

$10 million received from the issuance of bonds.
$7,000 received from the sale of a used bulldozer.
$200,000 capital lease obligation for a new bulldozer.
$100,000 paid to a Motor Pool Internal Service Fund for automobile usage during the period.

Expert Solution

The correct answer is option 4

$100,000 paid to a Motor Pool Internal Service Fund for automobile usage during the period.

The other 3 options here will be reported as other financing sources / uses in the general fund.

ekkarill92 answered 2 years ago

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