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Author Question: Net Sales is a. Sales + Sales Returns & Allowances - Sales Discounts b. Sales - Sales Returns ... (Read 302 times)

WhattoUnderstand

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on: Jul 6, 2018
Net Sales is
 a. Sales + Sales Returns & Allowances - Sales Discounts
  b. Sales - Sales Returns & Allowances + Sales Discounts
  c. Sales - Sales Returns & Allowances - Sales Discounts
  d. Sales + Sales Returns & Allowances + Sales Discounts

Question 2

Which of the following could never be considered part of assigned fund balance?
 
  A. The finance director sets aside a substantial amount of resources for a special project.
  B. Unassigned amounts loaned to another fund for more than one year.
  C. Program manager  with blessing of city council  sets aside funds for multi-year project.
  D. Fund balances remaining in a Special Revenue Fund after determining the appropriate balances for nonspendable fund balance, restricted fund balance, and committed fund balance.


kishoreddi

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

C

Answer to Question 2

B


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