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 fund-based financial statements?

a. No reporting is made.

b. Other Financing Sources increase by $60,000; Other Financing Uses increase by $60,000. LO9

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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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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Question Posted: Jul 23, 2024 06:04 AM

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Cash of $60,000 is transferred from the General Fund to the Debt Service Fund. What is reported

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Advanced Accounting

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