Multiple Choice
An interfund transfer should be reported in a governmental fund operating statement as a(n) :
A) due from (to) other funds
B) other financing source (use)
C) revenue or expenditure
D) none of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Which of the following funds of a
Q2: Fixed assets and noncurrent liabilities are accounted
Q3: The liability for general obligation long-term debt
Q4: There are eleven categories of government fund
Q6: GASB Statement No. 34 specifies how governments
Q7: During 2013, the City of Atlantis started
Q8: The activities of a municipal airport should
Q9: The following events take place:<br>1. Interest payments
Q10: The highest level of priority of pronouncements
Q11: Part of the general obligation bond proceeds