Which of the following should be reported in the statement of ...

[olgavictoria]

Which of the following should be reported in the statement of revenues, expenditures, and changes in fund balance of a General Fund?
 
  A. A short-term loan to another governmental fund.
  B. A long-term loan to another governmental fund.
  C. Repayment of a short-term loan from a bank.
  D. Repayment of a long-term loan from a bank.

Question 2

The main objective for all business is to maximize unrealized profits.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[abctaiwan]

Answer to Question 1

D

Answer to Question 2

False

[olgavictoria]

Thanks for the timely response, appreciate it

[jordangronback]

TYSM