apters 14 - For Credit Regarding interfund transactions, which of the following is not correct? Multiple Choice C) Interfund transactions must be repaid. O interfund reimbursement is a payment by one fund to second fund to repay it for a purchase which belongs in the first fund. be O Transaction between funds are not assumed to be arm's length in nature n kendt som C Flure to properly report interfund transactions will result in two funds being misstated