Author Question: A city adds a new door to its downtown fire station. This is considered a relatively minor addition. ... (Read 38 times)

jon_i · **on:** Jul 5, 2018

A city adds a new door to its downtown fire station. This is considered a relatively minor addition. Which fund would most likely be used to account for the construction expenditures associated with the door?

A. Enterprise Fund.
B. General Fund.
C. Capital Projects Fund.
D. General Capital Assets account.

Question 2

Indicate whether each of the following activities would be reported on the statement of cash flows as an operatingactivity, an investing activity, a financing activity, or does not appear on the cash flow statement. (a) Cash paid for building (b) Cash paid to suppliers (c) Cash paid for owner's withdrawal (d) Cash received from customers (e) Cash received from the owner's investment (f) Cash received from the sale of a building (g) Borrowed cash from a bank

AmberC1996 · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

B

Answer to Question 2

(a) Investing
(b) Operating
(c) Financing
(d) Operating
(e) Financing
(f) Investing
(g) Financing