A Debt Service Fund of Clifton Received $100,000 from Its

question 56

Multiple Choice

A debt service fund of Clifton received $100,000 from its general fund during the fiscal year ended June 30,20X9.The cash was used to pay matured interest on Clifton's general obligation bonds,which were issued to finance construction of a new municipal building.On the statement of revenues,expenditures,and changes in fund balance prepared for the debt service fund for the year ended June 30,20X9,the amount received from the general fund should be reported as:

• A)revenue.
• B)a reduction of expenditures.
• C)an other financing source.
• D)matured interest payments.

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Definitions:

Transverse Perineal Muscle

A muscle located in the perineum that acts to stabilize the central tendon of the perineum.

Adductor Brevis

A muscle in the thigh responsible for pulling the legs together and aiding in hip flexion.

Gracilis

A slender muscle in the inner thigh that is involved in the adduction of the thigh and flexion of the leg at the knee.

Arthropathy

A term used to describe any disease affecting the joints, characterized by pain, swelling, and limited movement.