This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the major difference between the unadjusted trial balance and the adjusted trial balance? ... (Read 107 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jul 5, 2018
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
 a. The adjusted trial balance will show the net income (loss) as an additional account.
  b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of-period processing even if it is not in balance.
  c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
  d. The adjusted trial balance will be used to record the adjustments for the period.

Question 2

A government hospital received a cash donation restricted for construction of a new wing to the hospital. How should the donation be reported be reported in the statement of cash flows?
 
  A. Cash inflows from operating activities.
  B. Cash inflows from noncapital financing activities.
  C. Cash inflows from capital and related financing activities.
  D. Cash inflows from investing activities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

C


darbym82

  • Member
  • Posts: 570
Reply 2 on: Jul 5, 2018
Excellent

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Major structures of the brain. Major structures of the brain.
Major Impacts on Mercury and on Our Moon Major Impacts on Mercury and on Our Moon
Pectoralis Major Pectoralis Major
Major “identity elements” in some tRNAs Major “identity elements” in some tRNAs
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ... Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library