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

Author Question: The term used to describe an expense that has not been paid and has not yet been recognized in the ... (Read 269 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
The term used to describe an expense that has not been paid and has not yet been recognized in the accounts by a routine entry is
 a. prepaid
  b. deferred
  c. accrued
  d. matched

Question 2

In reviewing their governmental funds, a local municipality determines that three of the funds (including the General Fund are considered major funds and the remaining six governmental funds are nonmajor.
 
  However, management prefers to report all of its governmental funds as major funds. What is the maximum number of fund columns that could be presented on the governmental fund balance sheet?
  A. 3.
  B. 4.
  C. 6.
  D. 9.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

D


mynx

  • Member
  • Posts: 555
Reply 2 on: Jul 5, 2018
Wow, this really help

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The FDA recognizes 118 routes of administration.

The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
The Five-Highest Paid CEOs The Five-Highest Paid CEOs
Major Categories of Long-Term Memory Major Categories of Long-Term Memory
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Describe the Conceptual Forecasting Framework in your own words. Describe the Conceptual Forecasting Framework in your own words.
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: New DNA Strand Replication

For a complete list of videos, visit our video library