Which of the following is not a benefit of Internet commerce?
a. maintaining security of the Internet site
b. improved responsiveness to customers' needs
c. survival in a competitive industry
d. global penetration
Question 2
A city's Enterprise Fund received 3,000,000 cash in the form of a capital grant during the fiscal year ended June 30, 20X3 . The Enterprise Fund incurred and paid construction costs from that grant in the amount of 1,200,000 .
What amount should be reported on the Enterprise Fund Statement of Net Position as net investment in capital assets?
A. 0
B. 1,200,000
C. 1,800,000
D. 3,000,000
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