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Author Question: The City of Trixie reports in their General Fund a 505,000 special item (an inflow) and a 1,750,000 ... (Read 58 times)

Mr. Wonderful

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on: Jul 6, 2018
The City of Trixie reports in their General Fund a 505,000 special item (an inflow) and a 1,750,000 extraordinary item (an outflow) in the same year. Which of the following statements would be false?
 
  A. Fund balance would decrease 1,245,000.
  B. The extraordinary item and the special item should be reported separately on the face of the Statement of Revenues, Expenditures, and Changes in Fund Balance.
  C. Fund balance would increase by only 505,000.
  D. Of extraordinary items and special items, only special items are under the control of management.

Question 2

Which two menus contain the option to Make General Journal Entry?
 a. Accountant and Company
   b. Accountant and File
   c. Company and Customers
   d. None of the above


ynlevi

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

C

Answer to Question 2

a


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