GASB 34 established four types of interfund activities. Interfund activities are recognized as revenue in a governmental fund for an: InterfundLoanInterfundTransferInterfundServiceInterfundReimbursementA)nonoyesnoB)yesyesyesnoC)noyesnoyesD)noyesyesno
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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Which of the following sections of the statement of cash flows includes activities that increase and decrease long-term liabilities and stockholders' equity?
A) the financing activities section B) the operating activities section C) the investing activities section D) change in cash section
The following information about the Zhang Company is available on December 31:Advertising expense………………………………$ 28,800Depreciation of factory equipment………………42,320Depreciation of office equipment…………….… 10,800Direct labor……………………………………..142,600Factory utilities……………………………….....35,650Interest expense………………………………....6,650Inventories, January 1:? Raw materials…………………………………3,450 Work in process………………………………17,250 Finished goods…………………………...……35,600Inventories, December 31:? Raw materials……………………………..…2,300 Work in
process…………………………..…20,700 Finished goods………………………………31,050Raw materials purchases………………………132,450Rent on factory building………………………41,400Indirect labor…………………………………..51,750Sales commissions……………………………..16,500The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead. What will be an ideal response?
Revenue on account amounted to $9,000. Cash collections of accounts receivable amounted to $8,100. Cash paid for operating expenses was $7,500. The amount of employee salaries accrued at the end of the year was $900. What was the net cash flow from operating activities?
A. $600 B. $1,500 C. $8,700 D. $900
How does a positive reinforcement differ from a negative reinforcement?
What will be an ideal response?