Which of the Following Accounts Would Least Likely Be Found

question 15

Multiple Choice

Which of the following accounts would least likely be found in the general ledger of an internal service fund?

• A) Cash.
• B) Expenditures.
• C) Billings to Departments.
• D) Machinery and equipment.

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Definitions:

Merger

Two organizations combine resources and become one.

Turnaround

The process of implementing significant changes in a company to reverse poor performance and return to profitability.

Liquidation

The termination of a business and the sale of its assets.

Value Statement

A declaration that communicates an organization's core principles and ethical commitments to its stakeholders.