Accounting for transactions. Select the best answer for each of the following multiple-choice questions. (Nos. 4–10 are AICPA adapted.) 1. In a governmental fund, which one of the following...

Accounting for transactions. Select the best answer for each of the following multiple-choice questions. (Nos. 4–10 are AICPA adapted.)

1. In a governmental fund, which one of the following constitutes revenue?

a. Cash received from another fund of the same unit

b. Bond proceeds

c. Property taxes

d. Refund on an invoice for fuel