The General Fund transferred $10,000 to Enterprise Fund A; a Special Revenue Fund transferred $20,000 to a Capital Projects Fund; Enterprise Fund A transferred $35,000 to a Capital Projects Fund and $25,000 to Enterprise Fund B The governmental activities column on the Statement of Activities will be report

Question

Quizplus · Accepted Answer

The transfers out of $10,000 from the General Fund to Enterprise Fund A and $35,000 from Enterprise Fund A to the Capital Projects Fund are not reported in the governmental activities column on the Statement of Activities since they involve transactions between different types of funds (i.e. internal service funds).

Similarly, the transfer in of $20,000 from the Special Revenue Fund to the Capital Projects Fund does not affect the governmental activities column.

The only transfer that would be reported in the governmental activities column is the transfer in of $25,000 from Enterprise Fund A to Enterprise Fund B. Therefore, choice A is correct.

The General Fund Transferred $10,000 to Enterprise Fund A; a Special