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Author Question: The county received 75,000 from the annual sale of surplus general government property. The proceeds ... (Read 24 times)

Collmarie

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on: Jul 6, 2018
The county received 75,000 from the annual sale of surplus general government property. The proceeds are deposited in the General Fund. The General Fund should report the proceeds as
 
  A. Other financing sources.
  B. Due to other funds.
  C. Revenues.
  D. Special item.

Question 2

Owner's withdrawals
 a. increase expenses
  b. decrease expenses
  c. increase cash
  d. decrease owner's equity


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otokexnaru

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

d


Collmarie

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

Mochi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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