Author Question: ____________________ represent the decrease in assets (or increase in liabilities) as a result of ... (Read 42 times)

kamilo84 · **on:** Jul 5, 2018

___________________ _ represent the decrease in assets (or increase in liabilities) as a result of efforts made to produce revenues.
Fill in the blank(s) with correct word

Question 2

Caraway County has a Self-Insurance Internal Service Fund. If the fund purchases 100,000 of investments during the month, the

A. Fund's total assets will increase by 100,000.
B. Fund's total assets will decrease by 100,000.
C. Fund's total assets will remain the same.
D. Fund's expenditures will increase by 100,000.