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The City received $200,000 to help maintain a local art museum that is owned and operated by a not-for-profit organization.During the year the City transferred net earnings of $20,000 to the appropriate entity/fund.
-The $20,000 transfer would be reported by the fund that made the transfer as a an

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The City received $200,000 to help maintain a local art museum that is owned and operated by a not-for-profit organization.During the year the City transferred net earnings of $20,000 to the appropriate entity/fund.
-The $20,000 transfer would be reported by the fund that made the transfer as a an

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The Answer is C

Use the Following Information to Answer Questions