An Internal Service Fund Had the Following Transactions During the Year

question 11

Multiple Choice

An internal service fund had the following transactions during the year ended June 30,20X9,its first year of existence:
(1) Received $1,000,000 contribution from the general fund.
(2) Acquired fleet of cars for $950,000,paying cash.
(3) Billed departments in other funds $500,000 for using cars.
(4) Incurred operating costs,exclusive of depreciation,of $240,000.
(5) Depreciation expense amounted to $250,000.
-Refer to the above information.On the internal service fund's balance sheet at June 30,20X9,net assets-unrestricted should be reported at:

• A)$260,000.
• B)$310,000.
• C)$550,000.
• D)$1,250,000.

Identify Adler's perspective on birth order and its impact on personality development.

Comprehend Adler's optimistic view of human nature and the rejection of unconscious forces as the main drivers of behavior.

Understand Adler's concepts of neurosis, perverts, and criminals in relation to birth order.

Grasp the implications of being an only child according to Adler.

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Definitions:

Long Service Leave

An employee benefit that grants extended paid leave for workers who have been with their employer for a long period.

Nominal Value

The face value of a bond or stock, which is the amount paid at maturity, not necessarily its current market value.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Termination Benefits

Employee benefits that are payable as a result of either: (a) an entity’s decision to terminate an employee’s employment before the normal retirement date; or (b) an employee’s decision to accept an offer of benefits in exchange for the termination of employment.