An Interfund Transfer Should Be Reported in a Governmental Fund

question 5

Multiple Choice

An interfund transfer should be reported in a governmental fund operating statement as a(n) :

• A) due from (to) other funds
• B) other financing source (use)
• C) revenue or expenditure
• D) none of these

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Definitions:

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the price at which a product is sold to the end consumer in a retail market.

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