Liabilities are reported on the a. income statement b. statement of owner's equity c. statement ...

Author Question: Liabilities are reported on the a. income statement b. statement of owner's equity c. statement ... (Read 78 times)

Mr.Thesaxman

Hero Member
Posts: 514

on: Jul 5, 2018

Liabilities are reported on the
a. income statement
b. statement of owner's equity
c. statement of cash flows
d. balance sheet

Question 2

If the General Fund has restricted fund balance, then the governmental activities column will automatically have

A. Committed net position.
B. Restricted net position.
C. Designated net position.
D. Net investment in capital assets.

GCabra

Sr. Member
Posts: 331

Reply #1 on: Jul 5, 2018

Answer to Question 1

d

Answer to Question 2

B

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