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Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 49
What is the purpose of a Special Revenue Fund
A) To account for revenues legally or externally restricted as an operating expenditure.
B) To account for ongoing activities.
C) To account for gifts when only subsequently earned income can be expended.
D) To account for the cost of long-lived assets bought with designated funds.
A) To account for revenues legally or externally restricted as an operating expenditure.
B) To account for ongoing activities.
C) To account for gifts when only subsequently earned income can be expended.
D) To account for the cost of long-lived assets bought with designated funds.
Explanation
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a. To account for revenues legally restr...
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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