Cash of $60,000 is transferred from the General Fund to the Debt Service Fund. What is reported
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Cash of $60,000 is transferred from the General Fund to the Debt Service Fund. What is reported on the government-wide financial statements?
a. No reporting is made. LO9
b. Other Financing Sources increase by $60,000; Other Financing Uses increase by $60,000.
c. Revenues increase by $60,000; Expenditures increase by $60,000.
d. Revenues increase by $60,000; Expenses increase by $60,000.
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Related Book For
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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