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Author Question: The county received a 75,000 payment in lieu of taxes from the water Enterprise Fund. The Enterprise ... (Read 40 times)

silviawilliams41

  • Hero Member
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on: Jul 6, 2018
The county received a 75,000 payment in lieu of taxes from the water Enterprise Fund. The Enterprise Fund receives no service from the county for this payment. The General Fund should report the payment in
 
  A. Other financing sources  transfer.
  B. Interfund charges.
  C. Revenues.
  D. Special item.

Question 2

Whichofthefollowingassetaccountsisincreasedwhenareceivableiscollected?
 a. Accountsreceivable
  b. Supplies
  c. Accountspayable
  d. Cash


ErinKing

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  • Posts: 362
Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

d


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