The following transactions were among those reported by Corfe City's electric utility enterprise fund for the year just ended:
Capital contributed by subdividers 900,000
Cash received from customer households 2,700,000
Proceeds from sale of revenue bonds 4,500,000
In the proprietary funds statement of cash flows for the year ended December 31, what amount should be reported as cash flows from the electric utility enterprise fund's capital and related financing activities?
A. $4,500,000
B. $5,400,000
C. $7,200,000
D. $8,100,000
Answer: B
Capital contributed by subdividers 900,000
Cash received from customer households 2,700,000
Proceeds from sale of revenue bonds 4,500,000
In the proprietary funds statement of cash flows for the year ended December 31, what amount should be reported as cash flows from the electric utility enterprise fund's capital and related financing activities?
A. $4,500,000
B. $5,400,000
C. $7,200,000
D. $8,100,000
Answer: B