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Author Question: Of the following, which is trueabout assets? a. Assets include both physical and intangible items. ... (Read 118 times)

yoooooman

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on: Jul 5, 2018
Of the following, which is trueabout assets?
 a. Assets include both physical and intangible items.
  b. Assets include only physical items.
  c. Assets are the personal property of the owner of the company.
  d. Assets are the result of selling products or services to customers.

Question 2

Which of the following items would NOT require an adjustment to convert governmental fund information to governmental activities in the statement of net assets?
 
  a. Due to Debt Service Fund
  b. Due to an Enterprise Fund
  c. Due from a Special Revenue Fund
  d. None, all would require an adjustment


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mochi09

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

a

Answer to Question 2

B


yoooooman

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Excellent

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