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

Author Question: Adjusting entries are a. the same as correcting entries b. needed to bring accounts up to date and ... (Read 154 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
Adjusting entries are
 a. the same as correcting entries
  b. needed to bring accounts up to date and match revenue and expense
  c. optional under generally accepted accounting principles
  d. rarely needed in large companies

Question 2

The local school board received a donation of 1,000,000 to establish a scholarship fund for graduating students. The scholarship is accounted for in a Private-Purpose Trust Fund. The fund would report
 
  A. Additions of 1,000,000.
  B. Revenues of 1,000,000.
  C. A transfer of 1,000,000.
  D. Capital contributions of 1,000,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


rl

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Meiosis Accounts for Independent Assortment of Alleles p2 Meiosis Accounts for Independent Assortment of Alleles p2
Patients should be encouraged to bring to their health care visit all the substances that they take, Patients should be encouraged to bring to their health care visit all the substances that they take,
Science versus religion: What accounts for the conflict and tension that have existed between them? Science versus religion: What accounts for the conflict and tension that have existed between them?
After adjusting the valves that are closed, rotate the engine one full rotation until the engine ... After adjusting the valves that are closed, rotate the engine one full rotation until the engine ...
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
Electron configuration and how many electrons are needed to achieve the nearest noble-gas ... Electron configuration and how many electrons are needed to achieve the nearest noble-gas ...
Video: Fermentation pathways

For a complete list of videos, visit our video library