A government had the following transfers reported in its governmental funds Statement of Revenues,Expenditures,and Changes in Fund Balances: (1) a transfer from the General Fund to a debt service fund in the amount of $l,100,000; (2) a transfer from the General Fund to an enterprise fund in the amount of $1,300,000; and (3) a transfer from the General Fund to an internal service fund in the amount of $500,000.The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:
A) $500,000.
B) $1,300,000.
C) $2,400,000.
D) $2,900,000.
Correct Answer:
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