A state legislature enacts a new park entrance fee that may be used only for adding to and maintaining the collection of tropical plants in that state's nationally famous Prospect Park
Which type of fund should be used to account for those resources?
a. Special Revenue Fund
b. General Fund
c. Internal Service Fund
d. Agency Fund
a
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Long-lived plant and equipment assets are defined as:
A. tangible assets that have a useful life of more than one year and are used in the operation of a business B. current assets C. investments D. tangible assets used in the operation of business that have a useful life of less than one year
Which of the following statements is true regarding the market/market structure of sales organizations?
A) The organization is aligned by product categories. B) The sales force sells all products marketed by a division to a single market. C) The sales force sells the entire product line to customers in the segment. D) The sales force sells a product or product line to all markets.