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Explain the various types of monetary transfers that occur within funds maintained by a state or local government.

In the City of Manchester, New Hampshire, Fund A transfers $$20,000$ in cash to Fund B$.$ For each of the following, indicate whether the statement is true or false, and if false, explain why.

$1.$ If Fund A is the general fund and Fund B is an enterprise fund, nothing is shown for this transfer on the statement of activities within the government$-$wide financial statements.

$2.$ If Fund A is the general fund and Fund B is a debt service fund, nothing is shown for this transfer on the statement of activities within the government$-$wide financial statements.

$"3.$ If Fund A is the general fund and Fund B is an enterprise fund, a $$20,000$ reduction is reported on the statement of revenues, expenditures, and other changes in fund balance

for the governmental funds within the fund financial statements."

$"4.$ If Fund A is the general fund and Fund B is a special revenue fund $($which is not considered a major fund$),$ no changes are shown on the statement of revenues, expenditures,

and other changes in fund balance for the governmental funds within the fund financial statements."

$"5.$ If Fund A is the general fund and Fund B is an internal service fund and this transfer is to pay for work done, the general fund will report an expense of $$20,000$ within the fund

financial statements."

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