Problem

Cash of $20,000 is transferred from the General Fund to the Enterprise Fund to pay for wor...

Cash of $20,000 is transferred from the General Fund to the Enterprise Fund to pay for work that was done. What is reported on the government-wide financial statements?

a. No reporting is made.

b. Other Financing Sources increase by $20,000; Other Financing Uses increase by $20,000.

c. Revenues increase by $20,000; Expenditures increase by $20,000.

d. Revenues increase by $20,000; Expenses increase by $20,000.

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