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 96 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
Great answer, keep it coming :)

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

The chromosomal basis of allele segregation. The chromosomal basis of allele segregation.
Osmosis and the measurement of osmotic pressure Osmosis and the measurement of osmotic pressure
Units of Radiation Measurement Units of Radiation Measurement
Landmarks for tricep skinfold measurement Landmarks for tricep skinfold measurement
Camera Measurement Camera Measurement
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Video: Types of Burns

For a complete list of videos, visit our video library