1.At the inception of the City of Covedales motor pool, $1,000,000 was transferred from the General Fund as beginning capital. The entry in the Internal Service Fund included a credit to:

A.Net Assets.

B.Interfund Transfer In.

C.Capital.

D.Revenue.

2.Currently, which of the following has jurisdiction over accounting and financial reporting standards for voluntary health and welfare organizations?

A.The Governmental Accounting Standards Board

B.The Financial Accounting Standards Board

C.American Institute of Certified Public Accountants

D.The Not-for-Profit Accounting Board