Internal service funds account for:
A. Activities that produce goods or services to be provided to other governmental units on a cost reimbursement basis.
B. Activities that produce goods or services to be provided to outside consumers units on a cost reimbursement basis.
C. Both of the above.
D. None of the above.
Answer: A
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Noncash investing and financing transactions, such as the exchange of common stock to purchase assets, represent significant investing and financing activities and are disclosed in a supplementary schedule that is attached to the statement of cash flows
Indicate whether the statement is true or false
Which one of the following statements about break-even analysis for evaluating products or services is TRUE?
A) The break-even quantity will tend to increase as the variable cost per unit of production decreases. B) As sales increase beyond the break-even quantity, total before-tax profits tend to decrease. C) A restaurant's opening of downsized facilities with only drive-through service is an example of lowering fixed costs and the break-even quantity. D) Increasing the unit selling price has the effect of increasing the break-even quantity.
Vertical collaboration refers to
a. collaboration among buyers and sellers in the supply chain. b. collaboration among carriers and shippers. c. collaboration that moves up the supply chain. d. collaboration with competitors.
Automated clearinghouses are commonly used by consumers to make direct payments for
A) insurance premiums. B) mortgage payments. C) utility bills. D) All of the options are true.