This topic contains a solution. Click here to go to the answer

Author Question: The General Fund transfers cash to provide working capital for a new Internal Service Fund. The ... (Read 134 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
The General Fund transfers cash to provide working capital for a new Internal Service Fund. The Internal Service Fund would report this transaction in the operating statement as
 
  A. Revenues.
  B. Other financing sources.
  C. Nonoperating revenues.
  D. Transfer in.

Question 2

Net income is shown on the work sheet in the Income Statement debit column and the Balance Sheet credit column.
 a. True
  b. False
 
   Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

D

Answer to Question 2

True




Starlight

  • Member
  • Posts: 567
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

For a complete list of videos, visit our video library