A Transfer from the General Fund to a Debt Service

question 145

Multiple Choice

A transfer from the General Fund to a debt service fund to make annual payments on principal and interest would be recorded in the debt service fund as a an:

• A) Other Financing Source.
• B) Revenue.
• C) Direct addition to Fund Balance.
• D) Other Financing Use.

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Definitions:

Linear Island Chain

A series of islands aligned in a straight or nearly straight line, often formed by volcanic activity along a tectonic plate boundary.

Mid-Ocean Ridge

An underwater mountain range, formed by plate tectonics, that stretches across the ocean floor and is associated with seismic and volcanic activity.

Plate Boundary

Zone of tectonic activity, including earthquakes, along the boundary between two lithospheric plates that are moving relative to one another.

Southern Continent

A hypothetical or specified landmass located in the southern hemisphere of a planet.