Cash of $20,000 is transferred from the general fund to the enterprise fund to pay for work

Question:

Cash of $20,000 is transferred from the general fund to the enterprise fund to pay for work that was done. What is reported on the government-wide financial statements?

  a. No reporting is made.
  b. Other Financing Sources increase by $20,000; Other Financing Uses increase by $20,000.
  c. Revenues increase by $20,000; Expenditures increase by $20,000.
  d. Revenues increase by $20,000; Expenses increase by $20,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

Question Posted: