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Author Question: The General Fund transfers cash to provide working capital for a new Internal Service Fund. The ... (Read 67 times)

Starlight

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on: Jul 5, 2018
The General Fund transfers cash to provide working capital for a new Internal Service Fund. The Internal Service Fund would report this transaction in the operating statement as
 
  A. Revenues.
  B. Other financing sources.
  C. Nonoperating revenues.
  D. Transfer in.

Question 2

Net income is shown on the work sheet in the Income Statement debit column and the Balance Sheet credit column.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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tashiedavis420

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

D

Answer to Question 2

True


Starlight

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Reply 2 on: Jul 5, 2018
Excellent

aliotak

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

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