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Home Q & A Board Other Fields Homework Help Business Accounting
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derro derro
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Which of the following interfund activities is classified as a reciprocal transaction?
A.Reimbursing one fund from another for expenditures or expenses that were previously recorded in error.
B.Moving assets (e.g., cash and inventory) from one fund to another without receiving resources or services in return.
C.Transferring Enterprise Fund resources to the General Fund or other funds to subsidize their operations.
D.Selling and purchasing goods or services between funds at approximately market value.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
Authors:
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proshendoproshendo
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derro Author
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#2
5 years ago
found this very helpful thank you
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