At December 31,2014,an Enterprise Fund Has the Following Adjusted Accounts

question 2

Multiple Choice

At December 31,2014,an Enterprise Fund has the following adjusted accounts outstanding: $\begin{array}{ll}\text { Insurance Expense } & \$ 2,000 \\\text { Depreciation Expense } & 3,000 \\\text { Supplies Expense } & 10,000 \\\text { Salaries Expense } & 100,000 \\\text { Service Revenues } & 123,000\end{array}$ When preparing the closing entry for the temporary accounts at December 31,2014,the Enterprise Fund's accountant will

• A)credit Retained Earnings $8,000.
• B)credit Net Cash,$8,000.
• C)credit Net Position,Unrestricted $8,000.
• D)credit Invested Capital Assets,Net of Related Debt,$8,000.

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Definitions:

Undercut

Undercut is a condition in manufacturing where a part of the geometry is recessed below or behind an adjacent surface, often challenging to machine.

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Symmetry

A balanced and proportionate similarity between two halves of an object, often mirrored around a central axis.

Symbol

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