Author Question: The adjustment for salaries owed but not yet paid to employees will decrease the balance in the ... (Read 84 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
The adjustment for salaries owed but not yet paid to employees will decrease the balance in the Salary Expense account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Proprietary funds
 
  a. Must apply all FASB standards that do not conflict with a GASB standard.
  b. Have the option to apply or not apply each individual FASB standard issued since November 30, 1989 that does not conflict with GASB standards
  c. Are required to apply all FASB standards that were issued since November 30, 1989 that do not conflict with GASB standards
  d. Are permitted either to apply all of or to apply none of the FASB standards issued since November 30, 1989 that do not conflict with GASB standards.



olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

False

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

For a complete list of videos, visit our video library