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:

Adverse Selection

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Moral Hazard

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Limited Supervision

This term describes a work environment where employees are given the freedom to complete tasks and make decisions with minimal oversight from managers or supervisors.

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