FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The General Fund has a Due from Capital Projects Fund of S48,000 and a Due from Water Enterprise Fund of S120,000. The Capital Projects Fund has a Due to General Fund
of S48,000, and the Water Enterprise Fund has a Due to General Fund of $120,000. What will be the amount of internal balances reported in the government-wide statement of
net position? O Internal balances of $48,000 O No internal balances are reported. O Internal balances of $148,000 O Internal balances of $120,000
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Transcribed Image Text:The General Fund has a Due from Capital Projects Fund of S48,000 and a Due from Water Enterprise Fund of S120,000. The Capital Projects Fund has a Due to General Fund of S48,000, and the Water Enterprise Fund has a Due to General Fund of $120,000. What will be the amount of internal balances reported in the government-wide statement of net position? O Internal balances of $48,000 O No internal balances are reported. O Internal balances of $148,000 O Internal balances of $120,000
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