Question: The General Fund has a Due from Capital Projects Fund of $48,000 and a Due from Water Enterprise Fund of $100,000. The Capital Projects Fund

The General Fund has a Due from Capital Projects Fund of

The General Fund has a Due from Capital Projects Fund of $48,000 and a Due from Water Enterprise Fund of $100,000. The Capital Projects Fund has a Due to General Fund of $48,000, and the Water Enterprise Fund has a Due to General Fund of $100,000. What will be the amount of internal balances reported in the government- wide statement of net position? 1) Internal balances of $148,000 2) Internal balances of $100,000 3) Internal balances of $48,000 4) No internal balances are reported

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