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

Author Question: The required statements for an Internal Service Fund include a Statement of a. Changes in net ... (Read 56 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 5, 2018
The required statements for an Internal Service Fund include a Statement of
 
  a. Changes in net assets
  b. Revenues, Expenditures and Changes in Fund Balance
  c. Revenues, Expenditures, and Changes in Net Assets
  d. Revenues, Expenses, and Changes in Net Assets

Question 2

Donner Company is selling a piece of land adjacent to its business. An appraisal reported the market value of theland to be 120,000 . The Focus Company initially offered to buy the land for 107,000 . The companies settled on apurchase price of 115,000 . On the same day, another piece of land on the same block sold for 122,000 . Underthe cost concept, what is the amount that will be used to record this transaction in the accounting records?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

javimendoza7

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

115,000


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy
Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con
Conditions Required for Bacterial Growth Conditions Required for Bacterial Growth
Five Factors of Personality and the Traits they Include Five Factors of Personality and the Traits they Include
Internal and External Loci of Control Internal and External Loci of Control
Internal anatomy of the kidney Internal anatomy of the kidney
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library