An Interfund Transfer Should Be Reported in a Governmental Fund

question 18

Multiple Choice

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

• A)Revenue or expenditure.
• B)Due from or due to other funds.
• C)Change in fund balance.
• D)Other financing source or use.

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Definitions:

Cause-and-Effect Relationship

A connection between two events where one event (the cause) makes the other event happen (the effect), often used to explain why or how something occurs.

Late Effect

A delayed consequence or outcome that follows a previous injury, illness, or disease, impacting the individual's health status.

Varicella

A highly contagious viral infection, also known as chickenpox, characterized by itchy, blister-like rashes.

Contact

The act of communication or physical connection between individuals or the connection between a source of infection and a potential host.