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Author Question: A partnership is owned by stockholders or shareholders and is managed by them. a. True b. False ... (Read 203 times)

saliriagwu

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on: Jul 5, 2018
A partnership is owned by stockholders or shareholders and is managed by them.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Assume that a Debt Service Fund does not have nonspendable fund balance. Further assume that after restricted and committed levels of fund balance have properly identified, the remaining balance is a deficit. This deficit fund balance should
 
  A. Be reported as negative assigned fund balance.
  B. Be reported as a negative unassigned fund balance.
  C. Be reported as a negative nonspendable fund balance.
  D. Be netted against the positive committed fund balance.


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manuelcastillo

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

False

Answer to Question 2

B


saliriagwu

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

kusterl

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

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