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Author Question: General Fund resources of 500,000 were contributed to a Capital Projects Fund to finance a portion ... (Read 69 times)

sjones

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on: Jul 6, 2018
General Fund resources of 500,000 were contributed to a Capital Projects Fund to finance a portion of the cost of a major capital project. This transaction is an example of an interfund
 
  A. Transfer.
  B. Services provided and used transaction.
  C. Reimbursement transaction.
  D. Loan.

Question 2

The normal balance of the Purchases Discounts account is on the credit side.
 a. True
   b. False
   Indicate whether the statement is true or false


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Ashley I

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

A

Answer to Question 2

True


sjones

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

bitingbit

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

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