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A Government Reported the Following Transfers in Its Governmental Funds

Question 99

Multiple Choice

A government reported the following transfers in its governmental funds Statement of Revenues,Expenditures,and Changes in Fund Balances: (1) a transfer from the General Fund to a special revenue fund in the amount of $400,000; (2) a transfer from the General Fund to an internal service fund in the amount of $300,000; (3) a transfer from the General Fund to a permanent fund in the amount of $200,000.The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:


A) $0; no transfer would be shown.
B) $ 400,000.
C) $ 600,000.
D) $1,000,000.

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