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Queens County operates a cybersecurity unit to monitor risk for all the other government units via...

Queens County operates a cybersecurity unit to monitor risk for all the other government units via an Internal Service Fund. Year 1, the Cybersecurity unit bills $200,000 to Queens County Park and Recreation Fund for its services. What account should the Cybersecurity Unit CREDIT record the $200,000 billing to the Park and Recreation Fund?

Answers:

Intergovernmental Transfer

Operating Revenue

Cybersecurity Expense

Interfund Exchange

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Answer - Cybersecurity expenses

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