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Vlada [557]
3 years ago
13

CPA-79690 (F-09-04: Transactions and Events: Part 2)The city of Curtain had the following interfund transactions during the mont

h of May:Billing by the internal service fund to a department financed by the general fund, for services rendered in the amount of $5,000.Transfer of $200,000 from the general fund to establish a new enterprise fund.Routine transfer of $50,000 from the general fund to the debt service fund.What was the total reciprocal interfund activity for Curtain during May?A) $5,000B) $55,000C) $200,000D) $255,00
Business
1 answer:
Triss [41]3 years ago
5 0

Answer:

A. $5,000

Explanation:

Reciprocal interfund activity includes interfund loans and interfund services provided and used. Nonreciprocal transfers include interfund transfers to establish a new fund and routine interfund reimbursements.

Billing by the internal service fund to a department financed by the general fund for services rendered for $5,000 is the only transaction meeting the definition of a reciprocal interfund activity.

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Answer:

Correct option is B

more in supplier development for A items.

Explanation:

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3 years ago
You have learned from your training materials that the integration-responsiveness framework juxtaposes the opposing pressures fo
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An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components
Jlenok [28]

Answer:

GDP Price Deflator

Explanation:

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Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.
lapo4ka [179]

Answer:

D) $571.24

Explanation:

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3 years ago
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Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.

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If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.

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