« previous next »

Author Question: When converting the multiple governmental funds to the single entity represented by the governmental ... (Read 282 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jul 5, 2018
When converting the multiple governmental funds to the single entity represented by the governmental activities in the government-wide financial statements, which of the following adjustments will not be necessary?
 
  A. Converting the cash account to reflect the different basis of accounting.
  B. Adjusting for capital assets.
  C. Adjusting for long-term liabilities.
  D. Converting fund balance to net position.

Question 2

Which of the following is an example of an accrued expense?
 a. Salary owed but not yet paid
  b. Fees received but not yet earned
  c. Supplies on hand
  d. A two-year premium paid on a fire insurance policy


Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Erythrocytes (red blood cells) moving through a capillary in single file. Erythrocytes (red blood cells) moving through a capillary in single file.
A Typical Pattern of Sleep Stages During a Single Night A Typical Pattern of Sleep Stages During a Single Night
(a) Multiple myeloma: Tumor of plasma cells. (b) Myeloma cells grow within the bone and lesions can ... (a) Multiple myeloma: Tumor of plasma cells. (b) Myeloma cells grow within the bone and lesions can ...
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Biology multiple choice Biology multiple choice
Some obesity genes in the human genome. The green triangles represent single genes in which obesity Some obesity genes in the human genome. The green triangles represent single genes in which obesity
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library