The City's Electric Utility Fund Sent $700,000 to the General

question 78

Multiple Choice

The city's electric utility fund sent $700,000 to the General Fund to help cover the city's operating costs. This transaction would be recorded in the governmental activities journal as

• A) Interfund transfer in.
• B) Internal balance.
• C) Revenue.
• D) It would not be recorded since the transaction involves two funds of the same government.

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Definitions:

Sea-Surface Temperatures

The temperature of the surface layer of the oceans, which can significantly influence weather and climate patterns.

El Niño

A condition that occurs when warmer-than-average ocean surface temperatures occur in the central and east-central Equatorial Pacific.

Eastern Pacific

A region of the Pacific Ocean located to the east of the International Date Line, typically referring to the ocean off the coasts of the Americas.

Monsoon

A seasonal wind pattern causing heavy rainfall, typically in the tropics, influencing climate and agriculture.