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Author Question: Which of the following is a distinguishing characteristic of a nonbusiness organization? a. Its ... (Read 101 times)

MirandaLo

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on: Jul 5, 2018
Which of the following is a distinguishing characteristic of a nonbusiness organization?
 
  a. Its revenues do not exceed its expenses
  b. There is an absence of ownership interests that can be sold, transferred, or redeemed
  c. It does not depreciate its capital assets
  d. It does not charge fees for any of its services

Question 2

Which of the following accounts would be increased with a credit?
 a. Land; Accounts Payable; Drawing
  b. Accounts Payable; Unearned Revenue; Collins, Capital
  c. Collins, Capital; Accounts Receivable; Unearned Revenue
  d. Cash; Accounts Receivable; Collins, Capital


nothere

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

b


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