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Author Question: To what extent should fund or fund type data be displayed on the face of government-wide financial ... (Read 113 times)

Shelles

  • Hero Member
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  • Posts: 582
on: Jul 5, 2018
To what extent should fund or fund type data be displayed on the face of government-wide financial statements?
 
  a. Information should be displayed for the government as a whole, but individual funds or fund types should not be displayed
  b. Information should be displayed by fund type, with a total for the government as a whole
  c. Information should be displayed by major fund, with a total for the government as a whole
  d. Information should be displayed by major fund, except for fiduciary funds

Question 2

If the debits in the Income Statement columns of the work sheet total 50,000 and the credits total 60,000 before net income or net loss has been determined, the business has a net income of 10,000.
 a. True
   b. False
   Indicate whether the statement is true or false


aliotak

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

True


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