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The General Fund of a City Made a Permanent Transfer

Question 18

Multiple Choice

The General Fund of a city made a permanent transfer of $100,000 to an enterprise fund.At year-end,the balance sheet accounts that would reflect the $100,000 in the enterprise fund would be cash and:


A) Contributed Capital.
B) Equity Transfer In.
C) Net Assets.
D) Other Financing Sources.

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