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 internal service fund in the amount of $1,300,000; and 3) a transfer from the General Fund to a special revenue 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) $ 0.
B) $1,300,000.
C) $1,600,000.
D) $2,400,000.
Correct Answer:
Verified
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