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Author Question: The General Fund transfers 75,000 of employer pension contributions to the Pension Trust Fund. The ... (Read 124 times)

Engineer

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on: Jul 5, 2018
The General Fund transfers 75,000 of employer pension contributions to the Pension Trust Fund. The Pension Trust Fund should
 
  A. Report revenues of 75,000.
  B. Report transfers of 75,000.
  C. Report expenses of 75,000.
  D. Report additions of 75,000.

Question 2

The balance in the accumulated depreciation account is the sum of the depreciation expense recorded in past periods.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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heinisk01

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

D

Answer to Question 2

True


Engineer

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  • Posts: 527
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
Wow, this really help

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