If General Fund cash is transferred to a Debt Service Fund to provide resources to refund outstanding debt, the Debt Service Fund statement of revenues, expenditures, and changes in fund balance would report
A) An other financing source when the cash is received.
B) An other financing use when the cash is used to refund the outstanding debt.
C) A revenue.
D) A special item for the difference in the amount received and the amount paid.
Correct Answer:
Verified
Q26: Which of the following financial statements is
Q27: A government has $1,000,000 of 6%, 10-year
Q28: Which of the following would not be
Q29: In the year that a governmental entity
Q30: Debt Service Fund expenditures would include all
Q32: A Debt Service Fund received an annual
Q33: In the fiscal year ended September 30,
Q34: If cash from the General Fund is
Q35: If a special tax is levied to
Q36: A government retired $5,000,000 of outstanding general
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents