This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The required statements for an Internal Service Fund include a Statement of a. Changes in net ... (Read 21 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 5, 2018
The required statements for an Internal Service Fund include a Statement of
 
  a. Changes in net assets
  b. Revenues, Expenditures and Changes in Fund Balance
  c. Revenues, Expenditures, and Changes in Net Assets
  d. Revenues, Expenses, and Changes in Net Assets

Question 2

Donner Company is selling a piece of land adjacent to its business. An appraisal reported the market value of theland to be 120,000 . The Focus Company initially offered to buy the land for 107,000 . The companies settled on apurchase price of 115,000 . On the same day, another piece of land on the same block sold for 122,000 . Underthe cost concept, what is the amount that will be used to record this transaction in the accounting records?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

115,000


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jul 5, 2018
:D TYSM

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Internal view of the heart with aorta, vena cava, and pulmonary arteries and veins. Internal view of the heart with aorta, vena cava, and pulmonary arteries and veins.
Envelope showing four options for placement of ancillary service endorsements. Envelope showing four options for placement of ancillary service endorsements.
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Remove all jewelry before performing service work on any vehicle. Remove all jewelry before performing service work on any vehicle.
Internal Anatomy of the Spinal Cord Internal Anatomy of the Spinal Cord
Hank Wilkins invested $4200 in a mutual fund containing bonds. Hank Wilkins invested $4200 in a mutual fund containing bonds.
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library