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Question: A city transfers cash of $20,000


A city transfers cash of $20,000 from its general fund to an enterprise fund to pay for work per- formed by the enterprise fund for the school system. How does the city report this transfer on its 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.

2.99

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