Business-type activities differ from governmental-type activities ...

[APUS57]

Business-type activities differ from governmental-type activities in that
 
  a. Most capital assets of business-type activities are considered to be revenue producing capital assets, while those in governmental-type activities generally are not.
  b. Business-type activities never have the power to levy a tax.
  c. Business-type activities do not adopt a budget.
  d. All of the above statements accurately reflect actual differences between business-type and governmental-type activities.
  e. Items b and c only accurately reflect primary differences between business-type and governmental-type activities.

Question 2

If a customer purchases goods for 560 on account and later is issued a credit memorandum to receive credit for the return of 160 of goods, the balance due is
 a. 160.
   b. 400.
   c. 560.
   d. 720.
   e. none of these.

[princessflame2016]

Answer to Question 1

A

Answer to Question 2

b

[APUS57]

Gracias!

[brbarasa]

Excellent