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.
Correct Answer:
Verified
Q94: A governmental fund's Statement of Revenues,Expenditures,and Changes
Q97: Which of the following is true regarding
Q98: A donated collection is not required to
Q100: Which of the following is true regarding
Q101: On April 1,2014,a local government issued bonds
Q102: Which of the following adjustments would be
Q103: Which of the following is considered a
Q109: Which of the following fund types is
Q113: Which of the following is true regarding
Q120: Which of the following is true concerning
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