This topic contains a solution. Click here to go to the answer

Author Question: The term used to describe an expense that has not been paid and has not yet been recognized in the ... (Read 268 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
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
Answer to Question 1

c

Answer to Question 2

D




mynx

  • Member
  • Posts: 555
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

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

For a complete list of videos, visit our video library