Business, 17.06.2021 19:50, cia029587691

A state constructs an office building. The construction is financed with: (1) a transfer of $1 million from the General Fund; (2) a grant of $2 million from the federal government; (3) bond proceeds of $7 million; and (4) earnings of $100,000 from temporary investment of bond proceeds. All transactions occur in one year. What should be reported in the financial statements of the General Fund for the year

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A state constructs an office building. The construction is financed with: (1) a transfer of $1 milli...