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Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910 Exercise 44
Cash of $20,000 is transferred from the General Fund to the Enterprise Fund to pay for work that was done. What is reported on the government-wide financial statements
a. No reporting is made.
b. Other Financing Sources increase by $20,000; Other Financing Uses increase by $20,000.
c. Revenues increase by $20,000; Expenditures increase by $20,000.
d. Revenues increase by $20,000; Expenses increase by $20,000.
a. No reporting is made.
b. Other Financing Sources increase by $20,000; Other Financing Uses increase by $20,000.
c. Revenues increase by $20,000; Expenditures increase by $20,000.
d. Revenues increase by $20,000; Expenses increase by $20,000.
Explanation
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Transfer to $20,000 form general fund to...
Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
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