Payment of office rent represents a decrease in a. a liability ...

[EY67]

Payment of office rent represents a decrease in
 a. a liability account.
   b. expenses.
   c. cash.
   d. a revenue account.

Question 2

Which of the following classifications of net position likely would be found on the statement of net position of a governmental university that reports as a business-type activity?
 
  A. Temporarily restricted net position.
  B. Unrestricted net position.
  C. Permanently restricted net position.
  D. Nonspendable net position.

[Ahernandez18]

Answer to Question 1

c

Answer to Question 2

B

[EY67]

Thanks for the timely response, appreciate it

[ryhom]

Excellent