The Following Transactions Were Among Those Reported by Morris City's

The following transactions were among those reported by Morris City's water utility enterprise fund for the current year. Proceeds from sales of revenue bonds $3,900,000
Cash received from customer households $1,600,000
Capital contributed by subdivisions $700,000
In the water utility enterprise fund's statement of cash flows for the current year, what amount should be reported as cash flows from capital and related financing activities?

A) $3,900,000
B) $6,200,000
C) $5,500,000
D) $4,600,000

Correct Answer:

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