A Debt Service Fund Received a $100,000 Payment from the General

question 25

Multiple Choice

A Debt Service Fund received a $100,000 payment from the General Fund to finance upcoming debt service payments. During the year, Debt Service Fund payments of $50,000 interest and $60,000 principal were made as they become due. The Debt Service Fund statement of revenues, expenditures, and changes in fund balance should report

• A) An excess of revenues over expenditures of $50,000.
• B) An excess of expenditures over revenues of $10,000.
• C) An excess of expenditures over revenues of $50,000.
• D) An excess of expenditures over revenues of $110,000.

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Definitions:

Internal Communications

The function responsible for effective communications among participants within an organization, including the dissemination of information and dialogue.

Visual Model

A theoretical framework or representation used to explain, analyze, or solve complex problems, often making abstract concepts easier to understand through visual means.

Communication Metrics

Quantitative measures used to assess the effectiveness and impact of communication strategies and campaigns.

Social Responsibility

A company's obligation to act in ways that benefit society and the environment, beyond its financial interests.