The City of Tutland issued $10 million, 6 percent, 10-year bonds at 101 to finance refurbishment of its water utility fund equipment. The bond is suance is reported in the water utility enterprise fund statement of cash flows as:.
a. A cash flow from operating activities.
b. A cash flow from noncapital financing activities.
c. A cash flow from capital and related financing activities.
d. A cash flow from investing activities.
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The City of Tutland issued $10 million, 6 percent, 10-year bonds at 101 to finance refurbishment of...
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