bri municipality begun a park renovation and completed it during the year 2019,  sources from the proceeds of a bond issue for the renovation of park RO 200,000, Transfer from general fund RO 100,000. In its 2019 capital projects fund, how much should report as revenue?  a. RO 700,000 b. None of the options c. RO 500,000 d. RO 400,000

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
Section: Chapter Questions
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Ibri municipality begun a park renovation and completed it during the year 2019,  sources from the proceeds of a bond issue for the renovation of park RO 200,000, Transfer from general fund RO 100,000. In its 2019 capital projects fund, how much should report as revenue? 
a.
RO 700,000
b.
None of the options
c.
RO 500,000
d.
RO 400,000
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