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Author Question: An owner transfers a personal automobile to the company with a fair market value of 12,000 . The ... (Read 35 times)

mikaylakyoung

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on: Jul 5, 2018
An owner transfers a personal automobile to the company with a fair market value of 12,000 . The entry will bemade in the
 a. purchases journal
  b. cash payments journal
  c. cash receipts journal
  d. general journal

Question 2

Which of the following elements properly will not be displayed as a specific item in a government-wide statement of activities prepared by a city or county government?
 
  a. program revenues
  b. interfund reimbursements
  c. interest expense on long-term debt
  d. the beginning net position balance(s)


jackie

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

b


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