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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 done by the enterprise fund for the school system. What is reported on the city’s fund 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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