One characteristic that distinguishes other financing sources from revenues is that other financing sources:
A) Arise from debt issuances or interfund transfers in.
B) Increase fund balances when they are closed at year-end.
C) Provide financial resources for the recipient fund.
D) Have a normal credit balance.

Question

Quizplus · Accepted Answer

Other financing sources arise from sources such as debt issuances or interfund transfers in, which increase the financial resources available to the recipient fund but do not represent revenues earned by the fund. Options B and D are incorrect because they do not represent the distinguishing characteristic of other financing sources. Option C is partially true but does not fully describe the unique nature of other financing sources in comparison to revenues.

One Characteristic That Distinguishes Other Financing Sources from Revenues Is