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Author Question: After the temporary accounts are closed, only the nominal accounts have balances. Indicate whether ... (Read 98 times)

haleyc112

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on: Jul 6, 2018
After the temporary accounts are closed, only the nominal accounts have balances.
  Indicate whether the statement is true or false

Question 2

Cash received from a transfer from the General Fund to subsidize operations of a Proprietary Fund is reported in which section of a statement of cash flows?
 
  a. Cash flows from operating activities
  b. Cash flows from noncapital financing activities
  c. Cash flows from capital and related financing activities
  d. Cash flows from investing activities


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shoemake

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

F

Answer to Question 2

B


haleyc112

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

TheDev123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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