Multiple Choice
Which of the following would be considered an internal exchange transaction?
A) The General Fund transfers $200,000 to establish a Central Supplies Fund; this amount will not be repaid.
B) The General Fund transfers $125,000 to the Debt Service Fund for payment of currently due bond interest payments.
C) The General Fund orders and receives supplies from the Central Supplies Fund in the amount of $9,000.
D) The Capital Projects Fund completes a library building project and transfers the remaining cash to the Debt Service Fund.
Correct Answer:

Verified
Correct Answer:
Verified
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