Cash of $60,000 is transferred from the general fund to the debt service fund. What is reported

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Cash of $60,000 is transferred from the general fund to the debt service fund. What is reported on the fund financial statements?

a. No reporting is made.

b. Other Financing Sources increase by $60,000; Other Financing Uses increase by $60,000.

c. Revenues increase by $60,000; Expenditures increase by $60,000

d. Revenues increase by $60,000

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Fundamentals Of Advanced Accounting

ISBN: 9781260575927

8th Edition

Authors: Joe Ben Hoyle

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Question Posted: Mar 30, 2021 07:54 AM

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Cash of $60,000 is transferred from the general fund to the debt service fund. What is reported

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B Other Financing Sources increase by 60000 Other Financing Uses in...View the full answer

Fundamentals Of Advanced Accounting

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