The General Fund of the village of Oxendine transferred $150,000 to a Special Revenue Fund; $35,000 to
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The General Fund of the village of Oxendine transferred $150,000 to a Special Revenue Fund; $35,000 to a Capital Projects Fund; and $25,000 to Enterprise Fund A. In the same reporting period, Enterprise Fund B transferred $125,000 to the General Fund and $45,000 to Enterprise Fund C.
What would be the amount of transfers reported for business-type activities on the Statement of Activities?
a. Transfers out of $145,000.
b. Transfers in of $70,000 and transfers out of $125,000.
c. Transfers in of $145,000.
d. Transfers out of $100,000.
e. None of the above.
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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