The general fund of Sun City was billed $7,000 for using the services of one of its internal service funds. The general fund should account for this transaction as an:
A. interfund loan.
B. interfund reimbursement for services rendered.
C. interfund transfer.
D. interfund service.
Answer: D
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A) access to new consumer markets B) access to less expensive labor C) access to less expensive materials D) access to foreign investment incentives E) the ability to offset domestic economic cycles
Consideration is ________ given in exchange for a promise
Fill in the blanks with correct word
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a. True b. False Indicate whether the statement is true or false