Author Question: A decrease in Rent Expense results in a decrease in gross profit. Indicate whether the statement ... (Read 80 times)

naturalchemist · **on:** Jul 6, 2018

A decrease in Rent Expense results in a decrease in gross profit.
Indicate whether the statement is true or false

Question 2

The following information pertains to the Richardson County General Fund:
Expenditures 12,800
Revenues 9,200
Long-term bond issue proceeds 1,000
Short-term note principal retirements 250
Operating transfers to other funds 75
The change in

fund balance for Richardson County's General Fund for the year is a
A. 2,600 decrease.
B. 2,675 decrease.
C. 2,925 decrease.
D. 3,600 decrease.