Multiple Choice
The cash and investment pool of Lake City allocates dividends, interest, and capital gains and losses on a periodic basis. When the cash and investment pool accrues interest earned on investments in debt securities, pending allocation to participating funds, it would credit which of the following accounts?
A) Interfund Loans.
B) Revenues.
C) Undistributed Earnings on Pooled Investments.
D) Interfund Receivables.
Correct Answer:

Verified
Correct Answer:
Verified
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