During the fiscal year ended june 30, 20x9, the city of moorhead constructed a new courthouse that was budgeted to cost $5,000,000. moorhead used a capital projects fund to account for the construction activities. in july of 20x8, a bid was accepted from diamond construction to build the courthouse for $4,800,000. on june 15, 20x9, diamond completed construction and submitted a bill to the city for $4,900,000. the city accepted the bill and paid diamond the entire amount owed, except for a 10 percentage retainage. on the statement of revenues, expenditures, and changes in fund balance prepared for the capital projects fund for the year ended june 30, 20x9, expenditures should be reported at multiple choice $4,900,000. $4,800,000. $4,410,000. $4,320,000.

The correct answer to the following question is option A) $490,000.

Explanation:

In 20X9, June 30 , the city of Moorhead went on to construct a new courthouse whose total budgeted cost was $500,000.

And in July 20X8, the project was given to Diamond construction to build the courthouse for $480,000. And on June 20X9, Diamond completed the courthouse and gave city of Moorhead a bill of $490,000, which they accepted and paid. So the city of moorhead should report their expenses as $490,000 on the statement of revenues, expenditures and fund balance.

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b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.