2.99 See Answer

Question: A county transfers cash of $60,000

A county transfers cash of $60,000 from its general fund to a debt service fund. What is reported on the county’s fund financial statements?
a. No reporting is made.
b. Other Financing Sources increase by $60,000. Other Financing Uses increase by $60,000.
c. Revenues increase by $60,000. Expenditures increase by $60,000.
d. Revenues increase by $60,000. Expenses increase by $60,000.


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