Author Question: The local school board received a bequest of 1,000,000 to establish a scholarship fund for ... (Read 45 times)

JMatthes · **on:** Jul 5, 2018

The local school board received a bequest of 1,000,000 to establish a scholarship fund for graduating students. The scholarship is accounted for in a Private-Purpose Trust Fund. The fund would report

a. additions of 1,000,000
b. revenues of 1,000,000
c. a transfer of 1,000,000
d. accounts payable of 1,000,000

Question 2

A system that consists of an integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users is a(n)
a. output
b. ERP
c. database
d. information system