The General Fund Received $200,000 in Lieu of Taxes from the City

question 48

Multiple Choice

The General Fund received $200,000 in lieu of taxes from the city owned water utility,an enterprise fund.This is an example of a(an)

• A) Interfund transfer.
• B) Interfund loan.
• C) Internal exchange transaction.
• D) Reimbursement.

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Definitions:

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