Multiple Choice
Which of the following should be reported in the statement of revenues, expenditures, and changes in fund balance of a General Fund?
A) A short-term loan to another governmental fund.
B) A long-term loan to another governmental fund.
C) Repayment of a short-term loan from a bank.
D) Repayment of a long-term loan from a bank.
Correct Answer:
Verified
Correct Answer:
Verified
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