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A governments internal service fund incurred interest expense of $12,000 from investments with MiltonStanley Investment Co. What account would be debited in the worksheet entry
A governments internal service fund incurred interest expense of $12,000 from
investments with MiltonStanley Investment Co. What account would be debited in the
worksheet entry to record this activity?
a. Other financing uses
b. Net position
c. Investment income
d. Interest expense/expenditures
e. None of the above
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