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MSB AC 330 XM2.
MSB GovNFP Unit 5
| Question | Answer |
|---|---|
| Nonroutine transactions often made to establish or liquidate a fund. | Residual equity transfer |
| External events in which a government gives or receives value without directly receiving or giving equal value in exchange. | Nonexchange transfer |
| Exchange or nonexchange transactions between the primary government and its blended or discretely presented component units | Intra-Entity Transactions |
| Transactions that occur between two governmental funds (or between a governmental fund and an internal service fund) or between two enterprise funds | Intra-Activity Transactions |
| Loans made by one fund to another | Interfund Loans |