Equity in a Debt Service Fund is known as A. Restricted net position. B. Fund balance. C. Net ...

Author Question: Equity in a Debt Service Fund is known as A. Restricted net position. B. Fund balance. C. Net ... (Read 35 times)

lilldybug07

Hero Member
Posts: 546

on: Jul 5, 2018

Equity in a Debt Service Fund is known as

A. Restricted net position.
B. Fund balance.
C. Net investment in capital assets.
D. Unrestricted net position.

Question 2

Depreciation Expense is reported on the balance sheet as an addition to the related asset.
a. True
b. False

Indicate whether the statement is true or false

Ahnyah

Sr. Member
Posts: 336

Reply #1 on: Jul 5, 2018

Answer to Question 1

B

Answer to Question 2

False

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