It would be false, because they don’t go into the same category
Answer:
A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
Hope this helps!
<span>A. Medicare provides health care for older people, while Medicaid provides health care for people with low incomes.</span>
If Evelyn Chang is self-employed and that she was able to do
various types of accounting in different organizations and she is a certified
accountant, she is probably or considered to be a certified public accountant
in which this type of accountant may be able to do various types of services in
accounting and can be done in different organizations in which Evelyn Chang is
capable of doing.
Answer:
The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:
= $0.
Explanation:
a) Data and Calculations:
Transfer from the General Fund to a debt service fund = $1,100,000
Transfer from the General Fund to a special revenue fund = $500,000
Transfer out = $0
b) The transfers of $1,100,000 to the Debt Service Fund and $500,000 to the Special Revenue Fund are Internal Service funds involving governmental activities. They are unlike enterprise funds that reach the control of the government's internal services. In this case, therefore, there is no transfer out, as the transfers were within or internal.
