Accounting MCQ
Governmental Accounting
Brandon County's general fund had the following transactions during the year Transfers to a debt service fund $100,000 Payment to a pension trust fun $500,000 Purchase of equipment $300,000 What amount should Brandon County report for the general fund as other financing uses in its governmental funds statement of revenues expenditures, and changes in fund balances?
Brandon County's general fund had the following transactions during the year Transfers to a debt service fund $100,000 Payment to a pension trust fun $500,000 Purchase of equipment $300,000 What amount should Brandon County report for the general fund as other financing uses in its governmental funds statement of revenues expenditures, and changes in fund balances?
Brandon County's general fund had the following transactions during the year
Transfers to a debt service fund $100,000
Payment to a pension trust fun $500,000
Purchase of equipment $300,000
What amount should Brandon County report for the general fund as other financing uses in its governmental funds statement of revenues expenditures, and changes in fund balances?
a) $100,000
b) $400,000
c) $800,000
d) $900,000
Answer: A
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