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Author Question: A city has, in addition to the General Fund, three other governmental funds. Two of those three ... (Read 74 times)

geoffrey

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on: Jul 5, 2018
A city has, in addition to the General Fund, three other governmental funds. Two of those three governmental funds have been deemed to be major funds. At most, how many funds may be reported as major funds?
 
  A. One (1).
  B. Two (2).
  C. Three (3).
  D. Four (4).

Question 2

Expenses result from using up assets or consuming services in the process of generating revenues.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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polinasid

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

D

Answer to Question 2

True


geoffrey

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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