Data flows that mirror and monitor business operations are called ...

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Data flows that mirror and monitor business operations are called ____ flows.
 a. horizontal information
  b. vertical information
  c. Sequential
  d. master data

Question 2

At December 31, 2013, a Water Enterprise Fund has outstanding revenue bonds payable of 1 million, of which 40,000 is due to be paid on February 15, 2014, and 50,000 is due to be paid on August 15, 2014 .
 
  How should it report this liability in its fund statement of net position as of December 31, 2013?
   a. It should report 40,000 as a current liability and disclose 960,000 in a note
   b. It should report 40,000 as a current liability and 960,000 as a noncurrent liability
   c. It should report 90,000 as a current liability and 910,000 as a noncurrent liability
   d. It should report no liability for this obligation on the fund statement of net position

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Answer to Question 1

A

Answer to Question 2

c

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