Essay Questions 115.What is the difference between reciprocal interfund activity and nonreciprocal interfund activity? 116.What is the difference between an extraordinary and special item? ...

Essay Questions

115.What is the difference between reciprocal interfund activity and nonreciprocal interfund activity?

116.What is the difference between an extraordinary and special item?

117.What is the different accounting treatment with respect to supplies inventory using theConsumption versus the Purchases method?