General Fund Resources Are Provided to a Capital Projects Fund

question 71

Multiple Choice

General Fund resources are provided to a Capital Projects Fund to finance a portion of a major capital project. The Capital Projects Fund is required to repay the resources that it received from the General Fund. This transaction is an example of an interfund

• A) Transfer.
• B) Services provided and used transaction.
• C) Reimbursement transaction.
• D) Loan.

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