« previous next »

Author Question: How much should the city report in its December 31, 2012, government-wide financial statements as ... (Read 62 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 5, 2018
How much should the city report in its December 31, 2012, government-wide financial statements as net position invested in capital assets, net of related debt?
 
  a. 70,000
  b. 60,000
  c. 58,333
  d. 10,000

Question 2

The business or professional person using the cash basis of accounting takes the view that there is no revenue until it is received in such a form that it can be spent.
 a. True
   b. False
   Indicate whether the statement is true or false


kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 5, 2018
Answer to Question 1

b


Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
A wide variety of pathogens may live on or in the human body A wide variety of pathogens may live on or in the human body
A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ... A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ...
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
December 1, 2023 December 1, 2023
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library