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

Author Question: A county uses the consumption method in accounting for insurance premium prepayments. At the ... (Read 50 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jul 5, 2018
A county uses the consumption method in accounting for insurance premium prepayments. At the beginning of the fiscal year, the county paid a 24,000 insurance premium to cover the current year and the subsequent fiscal year.
 
  At the end of the current year, the county will report in its General Fund
  A. Expenditures of 24,000.
  B. Expenditures of 12,000 and a 12,000 prepaid asset.
  C. A 24,000 prepaid asset.
  D. Other financing use of 24,000.

Question 2

Generally, which of the following is NOT one of the three roles an accountant typically fills in relation to the AIS?
 a. designer
  b. programmer
  c. user
  d. auditor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

B


ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jul 5, 2018
Wow, this really help

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Comparison of energy consumption in developing and industrialized nations Comparison of energy consumption in developing and industrialized nations
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
How to find derivative using delta method of y=100x-13? please notice me! How to find derivative using delta method of y=100x-13? please notice me!
Offset Method Plot of Land with Offset Lines Offset Method Plot of Land with Offset Lines
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library