If an Internal Service Fund transfers $20,000 to the General Fund and the General Fund loans...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
If an Internal Service Fund transfers $20,000 to the General Fund and the General Fund loans $25,000 to an Enterprise Fund, the effect on the fund balance of the General Fund would be A net increase of $5,000 A decrease of $25,000 An increase of $20,000 4 A net decrease of $5,000 If an Internal Service Fund transfers $20,000 to the General Fund and the General Fund loans $25,000 to an Enterprise Fund, the effect on the fund balance of the General Fund would be A net increase of $5,000 A decrease of $25,000 An increase of $20,000 4 A net decrease of $5,000
Expert Answer:
Answer rating: 100% (QA)
In the above mentioned question the general fund is net decrea... View the full answer
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Posted Date:
Students also viewed these accounting questions
-
Shila Nathan, the hospital administrator for a hospital in Chennai, India, has to devise for the coming week a workforce schedule for nurses in the orthopedic department of the hospital. The daily...
-
A 10 g particle has the potential energy shown in Figure P 11.39. a. Draw a force-versus-position graph from x = 0 cm to x = 8 cm. b. How much work does the force do as the particle moves from x = 2...
-
An Internal Service Fund was established 10 years ago through the sale of 20-year bonds. What disposition should be made of the assets of the fund if it is dissolved?
-
A 0.831-g sample of SO3 is placed in a 1.00-L container and heated to 1100 K. The SO3 decomposes to SO2 and O2: At equilibrium the total pressure in the container is 1.300 atm. Find the values of Kp...
-
440Winkley & White Bob White leaned back and wiped his forehead with his hand. He was the president of the home oven division of Winkley & White, a manufacturer of a full line of home appliances that...
-
On its December 31, 2018, consolidated balance sheet, what amount should Phoenix report for Sedona's customer list? a. $10,000 b. $20,000 c. $25,000 d. $50,000 On January 1, 2016, Phoenix Co....
-
A contingency table containing observed values has three rows and four columns. The number of degrees of freedom for the chi-square statistic is 7. In Exercises 68, determine whether the statement is...
-
When a new process moves from the ready state to the running state ( in Figure), each register in the CPU must be set either to initial values or to the values the process had when it was last...
-
Questions: You are BBBY's CEO, Steven Temares. It is April 2004 and you are about to decide what to do with the company's excess cash: - Keep it? - Pay it out and issue debt? You structure your...
-
The statement of cash flows for Riker Company (prepared using the indirect method) follows. Consider the following additional information: (a) Sales for the year totaled $812,350. Cost of goods sold...
-
Determine a) a, a, d) aga, g) ag x a. the values of the following products of base vectors: c) a, x ax f) ar a . i) a. x a.. . b) ag ay e) a,.aR h) an a
-
How do multifunctional teams leverage advanced technologies and data-driven insights to optimize their operational efficiency, mitigate cognitive biases, and enhance the accuracy and timeliness of...
-
The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Invested Assets Retail Division Commercial Division Internet Division...
-
Beth and Marcy are considering opening a boutique ( BM Inc. ) as either a C corporation or as an S corporation. They expect the business to make $ 1 2 0 , 0 0 0 of ordinary income each year and to be...
-
How do multifunctional teams, characterized by their diverse amalgamation of specialized expertise and skill sets, navigate the complexities inherent in their collaborative endeavors, particularly...
-
Tamarisk, Inc. reported the following in its 2025 and 2024 income statements. 2025 2024 Net sales $158,000 $128,000 Cost of goods sold 82,160 66,560 Operating expenses 31,600 19,200 Income tax...
-
Describe how pollution prevention audits can assess pollutant source control in an organization/industrial facility
-
The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...
-
On January 1, 2015, Johnsonville Enterprises acquired 80 percent of Stayer Companys outstanding common shares in exchange for $3,000,000 cash. The price paid for the 80 percent ownership interest was...
-
Multiple Choice Questions 1. What is the purpose of a special revenue fund? a. To account for revenues legally or externally restricted as an operating expenditure. b. To account for ongoing...
-
Aaron Companys books show current earnings of $430,000 and $46,000 in cash dividends. Zeese Company earns $164,000 in net income and declares $11,500 in dividends. Aaron has held a 70 percent...
-
(a) Describe the effect of temperature on the equilibrium constant. (b) Industrial \(\mathrm{CH}_{3} \mathrm{OH}\) is prepared according to the reaction \[ \mathrm{CO}(\mathrm{g})+2...
-
Mention the areas of application of the fuel cell.
-
Estimate the standard free energy change and equilibrium constant at \(700 \mathrm{~K}\) for the reaction \[ \mathrm{N}_{2}(\mathrm{~g})+3 \mathrm{H}_{2}(\mathrm{~g})=2 \mathrm{NH}_{3}(\mathrm{~g})...
Study smarter with the SolutionInn App