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  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 4: Accounting for the General and Special Revenue Funds
  5. Question
    Reciprocal Interfund Activity
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Reciprocal Interfund Activity

Question 67

Question 67

Multiple Choice

Reciprocal interfund activity:


A) Does not include interfund loans
B) Is the internal counterpart to exchange transactions
C) Includes interfund transfers
D) None of the above

Correct Answer:

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