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Author Question: The Sales Discounts account is recorded on the books of the seller. a. True b. False Indicate ... (Read 47 times)

j.rubin

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  • Posts: 557
on: Jul 6, 2018
The Sales Discounts account is recorded on the books of the seller.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

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.


smrtceo

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

True

Answer to Question 2

A


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