Governmental activities column in statement of activities


A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances: (1) a transfer from the General Fund to a debt service fund in the amount of $l,000,000; (2) a transfer from the General Fund to an enterprise fund in the amount of $1,200,000; and (3) a transfer from the General Fund to an internal service fund in the amount of $400,000. The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:

A) $2,600,000.

B) $1,400,000.

C) $1,200,000.

D) $ 800,000.

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Accounting Basics: Governmental activities column in statement of activities
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