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The General Fund Paid $4,000 to the Internal Service Fund

Question 38

Multiple Choice

The General Fund paid $4,000 to the Internal Service Fund for services rendered. Which of the following statements accurately reflects the reporting effects of the transaction?


A) The Internal Service Fund will report revenues of $4,000.
B) The Internal Service Fund will report capital contributions of $4,000.
C) The Internal Service will report a transfer in of $4,000.
D) The Internal Service Fund will record a direct adjustment to unrestricted net position.

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