The Construction of a Bike Path in Bay City Was

Multiple Choice

The construction of a bike path in Bay City was accounted for in a capital projects fund. Financing for the project came from the following sources: Transfer from Bay City's general fund $ 10,000
Proceeds from general obligation bond issue $100,000
Grant from state government $ 50,000
Which of the following amounts should appear in this year's governmental funds statement of revenues, expenditures, and changes in fund balances for other financing sources?

A) $160,000
B) $110,000
C) $100,000
D) $10,000
E) $60,000