In the Statement of Changes in Financial Position, Sources of Resources

question 15

Multiple Choice

In the statement of changes in financial position, sources of resources are defined as:

• A) Transaction debits.
• B) Fund increases.
• C) Transaction credits.
• D) Fund decreases.

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Definitions:

Finance Charge

The actual cost of a loan in dollars and cents.

Intrastate Commerce

Business activities that have no out-of-state connections.

Interstate Commerce

Interstate commerce refers to any trade, traffic, or transportation involving the crossing of state lines within the United States, governed by federal regulations.