How Are Amounts Due to Other Funds Reported in Fund-Level

question 5

Multiple Choice

How are amounts due to other funds reported in fund-level financial statements?

• A)assets in the balance sheet
• B)expenditures in the statement of revenues,expenditures,and changes in fund balances
• C)liabilities in the balance sheet
• D)transfers out in the statement of revenues,expenditures,and changes in fund balances

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