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

Author Question: If a special tax is levied to finance debt service for a particular debt issue, the entry to record ... (Read 83 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jul 5, 2018
If a special tax is levied to finance debt service for a particular debt issue, the entry to record the levy in the Debt Service Fund would be
 
  A. Debit Taxes Receivable and credit to Revenues.
  B. Debit Taxes Receivable and credit to Other Financing Sources.
  C. Debit Prepaid Assets and credit to Revenues.
  D. Tax levies may not be reported in a Debt Service Fund.

Question 2

The accounting function of classifying is
 a. thinking about how events affect the business.
   b. gathering similar events to provide information that is easy to understand.
   c. sorting and grouping similar items together.
   d. deciding the meaning and importance of the information in various reports.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

c


V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

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.

The Two-Step Persuasion Technique to Encourage Community Service The Two-Step Persuasion Technique to Encourage Community Service
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
A form that the customer should fill out if there is a driveablilty concern to help the service ... A form that the customer should fill out if there is a driveablilty concern to help the service ...
An overlapping record extends back thousands of years of tree ring width An overlapping record extends back thousands of years of tree ring width
Pt.1 (special triangles) Pt.1 (special triangles)
Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ... Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library