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Austell, with 20,000 residents, is deciding how to finance the construction of a new municipal...

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Accounting

Austell, with 20,000 residents, is deciding how to finance the construction of a new municipal stadium that will enhance both recreation and tourism in the area. The construction cost of the stadium is $10 million. By law, all proceeds from the debt issuance are placed in Marlowevilles Capital Projects Fund, and all capital expenditures are made using this fund. If at the end of the fiscal year, Marloweville makes a loan repayment of $250,000 plus a $50,000 interest payment, the total expenditure for the transaction will equal ________ on a modified accrual accounting basis.

A. 50,000

B. 0

C. 250,000

D. 300,000

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