Author Question: The General Fund transfers 75,000 of employer pension contributions to the Pension Trust Fund. The ... (Read 76 times)

Engineer · **on:** Jul 5, 2018

The General Fund transfers 75,000 of employer pension contributions to the Pension Trust Fund. The Pension Trust Fund should

A. Report revenues of 75,000.
B. Report transfers of 75,000.
C. Report expenses of 75,000.
D. Report additions of 75,000.

Question 2

The balance in the accumulated depreciation account is the sum of the depreciation expense recorded in past periods.
a. True
b. False

Indicate whether the statement is true or false