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Author Question: The county received 75,000 from the annual sale of surplus general government property. The proceeds ... (Read 89 times)

Collmarie

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on: Jul 6, 2018
The county received 75,000 from the annual sale of surplus general government property. The proceeds are deposited in the General Fund. The General Fund should report the proceeds as
 
  A. Other financing sources.
  B. Due to other funds.
  C. Revenues.
  D. Special item.

Question 2

Owner's withdrawals
 a. increase expenses
  b. decrease expenses
  c. increase cash
  d. decrease owner's equity


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otokexnaru

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

d


Collmarie

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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