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Author Question: In the government-wide statement of net assets, interfund receivables and payables a. should not ... (Read 49 times)

jake

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on: Jul 6, 2018
In the government-wide statement of net assets, interfund receivables and payables
 
  a. should not be reported.
  b. should only be reported for balances payable between governmental activities and business-type activities.
  c. eliminated in the total primary government column.
  d. Both items b and c

Question 2

Net purchases is equal to
 a. Purchases minus Purchases Returns and Allowances plus Purchases Discounts.
  b. Purchases plus Purchases Returns and Allowances plus Purchases Discounts.
  c. Purchases minus Purchases Returns and Allowances minus Purchases Discounts.
  d. Purchases plus Freight In minus Purchases Discounts.
  e. Purchases minus Freight In plus Purchases Returns and Allowances.


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aliotak

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

D

Answer to Question 2

C


jake

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Reply 2 on: Jul 6, 2018
Excellent

mcarey591

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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