Withdrawals decrease owner's equity and are listed on the income ...

[Mollykgkg]

Withdrawals decrease owner's equity and are listed on the income statement as a deduction from revenue.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

General capital assets with a net book value of 46,000 were transferred to an Enterprise Fund. The business-type activities column in the government-wide financial statements would report
 
  a. a transfer in of 46,000
  b. a capital contribution of 46,000
  c. an other financing source of 46,000
  d. None of the above.

[stano32]

Answer to Question 1

False

Answer to Question 2

A

[Mollykgkg]

TYSM

[helenmarkerine]

Excellent