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Which of the following transactions would be classified as an internal exchange transaction? The General Fund transfers $300,000 to stablish a Central Supplies Fund; this
Which of the following transactions would be classified as an internal exchange transaction?
- The General Fund transfers $300,000 to stablish a Central Supplies Fund; this amount will not be repaid
- The General Fund transfers $155,000 to the Debt Service Fund for payment of currently due bond interest payments
- The Capital Projects Fund completes a library building project and transfers the remaining cash to the Debt Service Fund
- The General Fund orders and receives supplies from the Central Supplies Fund in the amount of $10,000
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