Which of the Following Interfund Activities Is Classified as a Reciprocal

question 24

Multiple Choice

Which of the following interfund activities is classified as a reciprocal transaction?

• A) Reimbursing one fund from another for expenditures or expenses that were previously recorded in error.
• B) Moving assets (e.g., cash and inventory) from one fund to another without receiving resources or services in return.
• C) Transferring Enterprise Fund resources to the General Fund or other funds to subsidize their operations.
• D) Selling and purchasing goods or services between funds at approximately market value.

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