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Which of the Following Should Be Reported in the Statement

Question 64

Multiple Choice

Which of the following should be reported in the statement of revenues, expenditures, and changes in fund balance of a General Fund?


A) A short-term loan to another governmental fund.
B) A long-term loan to another governmental fund.
C) Repayment of a short-term loan from a bank.
D) Repayment of a long-term loan from a bank.

Correct Answer:

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