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Which one of the following is an example of a reciprocal interfund activity? a. City borrows money from the bank to cover deficits in the
Which one of the following is an example of a reciprocal interfund activity?
a. City borrows money from the bank to cover deficits in the fiduciary fund.
b. City needs some pipes and they purchase the pipes from internal service fund.
c. City transfers cash to the debt service fund to pay for bond interest.
d. City borrows money from the enterprise fund to cover the general payroll.
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