Author Question: A manual work sheet is usually prepared in pencil. a. True b. False Indicate whether the ... (Read 33 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
A manual work sheet is usually prepared in pencil.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

An Enterprise Fund issued bonds in the amount of 100,000 and immediately acquired capital assets from the bond proceeds at a cost of 100,000 . As of December 31, 2013, accumulated depreciation on the assets was 10,000 .
 
  Also, as of December 31, 2013, the Enterprise Fund had paid back 15,000 of the debt principal. In its December 31, 2013, statement of net position, how much should the Fund report as its net investment in capital assets?
   a. 90,000
   b. 85,000
   c. 15,000
   d. 5,000



ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

True

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library