Author Question: The City of Trixie reports in their General Fund a 505,000 special item (an inflow) and a 1,750,000 ... (Read 55 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
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

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

C

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

For a complete list of videos, visit our video library