Question: 1 9 . Which of the following does not affect the Excess of Revenues over Expenditures? A . Purchase of capital assets. B . Incurring

19. Which of the following does not affect the "Excess of Revenues over Expenditures"?
A. Purchase of capital assets.
B. Incurring and paying salaries.
C. Property taxes levied and collected in the year.
D. Transfers from Enterprise Funds.

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