mapters 14 - For Credt Which of the following is true with respect to interfund loans? Multiple Choice O Interfund loan receivables and payables are separately reported on the balance sheets of the affected funds. O The fund providing the resources records a transfer in and the fund receiving the resources records a transfer out O O Long-term loans use the terms Transfer to Other Funds and Transfer from Other Funds O U interfund loans are resources provided from one fund to another with the understanding that they do not have to repaid in the future