Net assets restricted for capital projects could be reported for
a. governmental activities.
b. business-type activities.
c. capital projects funds.
d. All of the above.
e. Both items a and b.
Question 2
On the work sheet, Purchases Discounts appears in the
a. Trial Balance Debit column and the Income Statement Credit column.
b. Trial Balance Credit column and the Balance Sheet Credit column.
c. Trial Balance Debit column and the Income Statement Debit column.
d. Trial Balance Credit column and the Income Statement Credit column.
e. Adjustments Debit column and the Income Statement Credit column.
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