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The General Fund Contributes $40,000 to an Internal Service Fund

Question 18

Multiple Choice

The General Fund contributes $40,000 to an Internal Service Fund to subsidize the purchase of a capital asset. The contribution is not considered to be an interfund loan. The Internal Service Fund will report this contribution as a


A) Transfer in.
B) Capital contribution.
C) Nonoperating revenue.
D) Direct equity adjustment to restricted net position.

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