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

Author Question: Which basis of accounting is used by funds that have a current financial resources measurement ... (Read 28 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jul 5, 2018
Which basis of accounting is used by funds that have a current financial resources measurement focus?
 
  a. full accrual basis
  b. cash basis
  c. modified accrual basis
  d. modified cash basis

Question 2

Supplies are recorded as assets when purchased. Therefore, the credit to Supplies in the adjusting entry is for the amount of supplies
 a. still on hand
  b. purchased
  c. used
  d. required for the next accounting period


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

c


bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jul 5, 2018
Gracias!

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Heliospheric-current-sheet Heliospheric-current-sheet
Humidity Measurement and Gas Flowrate Experiment Humidity Measurement and Gas Flowrate Experiment
Measuring the resistance of the ECT sensor. The resistance measurement can then be compared with ... Measuring the resistance of the ECT sensor. The resistance measurement can then be compared with ...
Structural basis for Ras activation by GTP Structural basis for Ras activation by GTP
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Accounting Question Accounting Question
Video: Ear Animation

For a complete list of videos, visit our video library