If capital assets are purchased with General Fund cash, what effect will this transaction have on the assets and fund balance, respectively, of the fund?
a. Neither assets nor fund balance will change (the increase in capital assets will offset the decrease in cash).
b. Both assets and fund balance will increase.
c. Both assets and fund balance will decrease.
d. Assets will not change but fund balance will increase.
e. Assets will increase and fund balance will decrease.
C
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Which of the following is an advantage of exclusive dealing between a seller and a dealer?
A) The seller gains more shelf power compared to competitors' products. B) The seller can avoid using any intermediary and sell the product directly to customers. C) Customers get more loyal and dependable outlets. D) The seller's distinctive position is reinforced through customer service and the dealer obtains steady support from the seller. E) The dealer can freely choose what products to sell without any interference from the seller.