Find cash flows for non capital financing activities reduce

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Reference no: EM13257368

On the following facts about an Enterprise Fund for a utility operation:

Outstanding bonds issued for capitalimprovements........................ $10,500,000

Transfer to General Fund (occursannually)..................................... $500,000

Charges for services earned in the currentyear................................. $14,600,750

Unspent capital bond issueproceeds.................................................$4,000,000

Salaries and wages expense for the currentyear............................... $9,600,000

Interest earning on allinvestments....................................................$600,000

Fair market value of water lines donated by a localdeveloper.......... $1,000,000

Net book value of all other existing capitalassets............................. $7,310,500

Cash flows for non capital financing activities would decrease

A. $0

B. $10,100,000

C. $9,500,000

D. $500,000

E. None of the above

Reference no: EM13257368

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