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lect the Dest answer. A city's general fund has an outstanding payable to its electric utility, which is accounted for in an enterprise fund. The
lect the Dest answer.
A city's general fund has an outstanding payable to its electric utility, which is accounted for in an enterprise fund. The utility has a corresponding recelvable from the general fund. In the city's governmentwide statement of net position, which would be correct?
a The payable and the corresponding receivable would be eliminated in the consolidation process and thus would not be reported.
b The payable may be aggregated with payables to an internal service fund and reported as "payables to proprietary funds."
c The payable should be reported in the governmental activities column and the receivable in the businesstype activities column.
d The payable and the receivable would each be reported in the "totals" column, but would not be reported in either the governmental activities column or the businesstype activities column.
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