Question: During the course of your audit of a city you

During the course of your audit of a city, you noted an $800,000 payment to the General Fund from an Enterprise Fund. The payment was recorded in both funds as a payment in lieu of property taxes.
(a) How should this payment be reported?
(b) What would your answer be if the payment were from the county?


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  • CreatedOctober 25, 2014
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