Author Question: In which journal would adjusting entries be found? a. cash receipts journal b. cash payments ... (Read 156 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
In which journal would adjusting entries be found?
 a. cash receipts journal
  b. cash payments journal
  c. general journal
  d. purchases journal

Question 2

Which of the following best expresses the general rule regarding the reporting of operating revenues, nonoperating revenues, and special items in the proprietary funds statement of revenues, expenses, and changes in fund net position?
 
  a. operating revenues, nonoperating revenues, and special items should be reported in separate sections of the statement.
  b. operating revenues, nonoperating revenues, and special items should be included in a single section, headed Revenues and other gains.
  c. special items should be included as nonoperating revenues, but operating revenues and nonoperating revenues should be reported in separate sections of the statement.
  d. nonoperating revenues and special items should be netted against nonoperating expenses and reported as a single item, captioned other.



Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

c

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library