Author Question: The General Fund borrowed 100,000 from a Special Revenue Fund. Interest will be paid on the loan ... (Read 116 times)

KimWrice · **on:** Jul 5, 2018

The General Fund borrowed 100,000 from a Special Revenue Fund. Interest will be paid on the loan annually for five years and the principal repaid in full at the end of the fifth year. The governmental activities column should report

A. Both a loan payable and loan receivable for 100,000.
B. Other financing sources of 100,000.
C. Other financing uses of 100,000.
D. Nothing related to the loan arrangement.

Question 2

The ___________________ ___________ is a massive interconnection of computer networks worldwide that enables communication between dissimilar technology platforms.
Fill in the blank(s) with correct word