Question: Define the following interfund transaction terms and explain how each is accounted for and reported by a municipality: (a) interfund reimbursement, (b) interfund loan, (c)

Define the following interfund transaction terms and explain how each is accounted for and reported by a municipality:
(a) interfund reimbursement,
(b) interfund loan,
(c) interfund services provided and used,
(d) interfund transfer.

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