This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The required statements for an Internal Service Fund include a Statement of a. Changes in net ... (Read 48 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 5, 2018
The required statements for an Internal Service Fund include a Statement of
 
  a. Changes in net assets
  b. Revenues, Expenditures and Changes in Fund Balance
  c. Revenues, Expenditures, and Changes in Net Assets
  d. Revenues, Expenses, and Changes in Net Assets

Question 2

Donner Company is selling a piece of land adjacent to its business. An appraisal reported the market value of theland to be 120,000 . The Focus Company initially offered to buy the land for 107,000 . The companies settled on apurchase price of 115,000 . On the same day, another piece of land on the same block sold for 122,000 . Underthe cost concept, what is the amount that will be used to record this transaction in the accounting records?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

115,000


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
Location of internal and external hemorrhoids. Location of internal and external hemorrhoids.
A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Examples of internal controls. Examples of internal controls.
Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ... Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ...
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library