Internet assurance is a service provided for a fee to vendors in ...

[melina_rosy]

Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.
  Indicate whether the statement is true or false

Question 2

A county university's endowment fund has investments that were purchased for 400,000 . As of the end of the fiscal year, the fair value of the investments decreased by 33,000 .
 
  What journal entry is required to reflect the change in the fair market value of the investments?
 
   dr cr
 
  a. Loss on Endowment Investments  33,000 Endowment Investments  33,000
  b. Interest Expense  33,000 Endowment Investments  33,000
  c. Interest Revenues  33,000 Endowment Investments  33,000
  d. Interest Expense  33,000
   Deferred Revenue  33,000
  e. None of the above.

[kmb352]

Answer to Question 1

F

Answer to Question 2

C