This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: General Fund resources are provided to a Capital Projects Fund to finance a portion of a major ... (Read 53 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jul 6, 2018
General Fund resources are provided to a Capital Projects Fund to finance a portion of a major capital project. The Capital Projects Fund is required to repay the resources that it received from the General Fund.
 
  This transaction is an example of an interfund
  A. Transfer.
  B. Services provided and used transaction.
  C. Reimbursement transaction.
  D. Loan.

Question 2

Merchandise costing 2,500 FOB shipping point, terms 1/10, n/30, with prepaid transportation costs of 130, is purchased on account. If the bill is paid within ten days, the amount of the purchase discount is 26.30.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

False


Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Jul 6, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Colles’ A break in the distal portion of the radius; often the result of reaching out to cushion a f Colles’ A break in the distal portion of the radius; often the result of reaching out to cushion a f
Anatomical position of major neck structures Anatomical position of major neck structures
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Body Part, Method of Examination, and Equipment Used During the General Physical Examination
Fingertip rake over pectoralis major from sternum to shoulder. Pull arm out from the body to access ... Fingertip rake over pectoralis major from sternum to shoulder. Pull arm out from the body to access ...
Major band of storms Major band of storms
GDP and Capital per Worker, 2009 GDP and Capital per Worker, 2009
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library