An Enterprise Fund of Grist Was Billed $10,000 for Using

question 16

Multiple Choice

An enterprise fund of Grist was billed $10,000 for using the services of an internal service fund's data processing center.What account should Grist's enterprise fund debit to record this billing?

• A)Due to Internal Service Fund
• B)Expenditures
• C)Transfer Out to Internal Service Fund
• D)General Operating Expenses

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Definitions:

Surround Sound

A type of audio processing that makes the listener experience sound as if it were coming from all directions.

Multiple Speakers

A setup or scenario where sound output is delivered through more than one speaker, often for enhanced audio experiences.

Clock Speed

The speed at which a processor executes instructions, measured in cycles per second or hertz (Hz).

Optical Storage

A type of storage medium that uses lasers and lights to read and write data on discs like CDs, DVDs, and Blu-ray.