This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The General Fund provides a recurring annual subsidy to the Mass Transit Enterprise Fund to keep bus ... (Read 111 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jul 5, 2018
The General Fund provides a recurring annual subsidy to the Mass Transit Enterprise Fund to keep bus fares at a reasonable level. How should the General Fund report the subsidy in its financial statements?
 
  a. as an expenditure
  b. as a long-term advance
  c. as a transfer out
  d. as a reimbursement

Question 2

An increase in a revenue account may also result in an increase in the accounts receivable account.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

True


Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Jul 5, 2018
Gracias!

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Tunicates in general are pretty weird. Tunicates in general are pretty weird.
According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can
The primary windings are inside the secondary windings on this General Motors coil. The primary windings are inside the secondary windings on this General Motors coil.
Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism
Mass Wasting Triggers Mass Wasting Triggers
General Mathematics General Mathematics
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library