Interfund Transactions Include All of the Following Except For:​

question 34

Multiple Choice

Interfund transactions include all of the following except for:​

• A)​one fund's reimbursement of another for supplies paid on its behalf
• B)​interfund operating transfers between government funds for services provided and used and recorded as revenues and expenditures/expenses
• C)​interfund loan transfers classified as Due to/from other Funds
• D)​interfund non-reciprocal transfers between government funds recorded as interfund transfers appearing after non-operating revenues

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Definitions:

Slither

A movement type characterized by sliding or gliding smoothly over a surface, commonly associated with snakes.

Creep

The slow, continuous, gradual movement of soil, earth, or rock down a slope due to gravity.

Elevate

To elevate means to raise something to a higher position or level, physically or metaphorically.

Friction

A force that opposes the movement of two surfaces that are in contact with each other.