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Author Question: Which of the following should be reported in the statement of revenues, expenditures, and changes in ... (Read 73 times)

olgavictoria

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on: Jul 6, 2018
Which of the following should be reported in the statement of revenues, expenditures, and changes in fund balance of a General Fund?
 
  A. A short-term loan to another governmental fund.
  B. A long-term loan to another governmental fund.
  C. Repayment of a short-term loan from a bank.
  D. Repayment of a long-term loan from a bank.

Question 2

The main objective for all business is to maximize unrealized profits.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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abctaiwan

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

D

Answer to Question 2

False


olgavictoria

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

Perkypinki

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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