Question: Initial internal service fund capitalization is most likely funded by any of the following except: A . Lease agreements representing contracts that transfer ownership. B

Initial internal service fund capitalization is most likely funded by any of the following except:
A.
Lease agreements representing contracts that transfer ownership.
B.
Bonds.
C.
Long-term advances from other funds to be repaid from the earnings of the internal service fund.
D.
Water and sewer connection fees.

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