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How Are Amounts Due to Other Funds Reported in Fund-Level

Question 5

Multiple Choice

How are amounts due to other funds reported in fund-level financial statements?


A) assets in the balance sheet
B) expenditures in the statement of revenues,expenditures,and changes in fund balances
C) liabilities in the balance sheet
D) transfers out in the statement of revenues,expenditures,and changes in fund balances

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