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

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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.

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Related Book For  answer-question

Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

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