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:

Power Door Locks

An electrically controlled system that locks and unlocks the doors of a vehicle, offering convenience and increased security.

Digital Multimeter

A handheld electrical testing device that can measure AC and DC voltage, resistance, amps, and other measurements.

Light Emitting Diodes

Semiconductor devices that emit light when an electric current passes through them, widely used for indicators, displays, and lighting applications.

Headlamp Circuits

The electrical pathways that connect the vehicle's battery and switches to the headlamps, enabling them to light up.