The physical count of inventory may be less than the accounting ...

[Zulu123]

The physical count of inventory may be less than the accounting records due to the following:
 a. Receiving Errors
   b. Shoplifting
   c. Accounting Errors
   d. All of the above

Question 2

The Utility Enterprise Fund is in Year 2 of a three year construction project that is projected to cost 3,000,000 . The fund incurred 300,000 of costs in Year 1 and 1,800,000 in Year 2 . The fund will report
 
  a. expenses of 300,000 in Year 1 and 1,800,000 in Year 2 .
  b. total construction in progress (an asset) in Year 2 of 1,800,000 .
  c. total construction in progress (an asset) in Year 2 of 2,100,000
  d. expenditures of 300,000 in Year 1 and 1,800,000 in Year 2
  e. None of the above.

[juwms]

Answer to Question 1

d

Answer to Question 2

C

[Zulu123]

Thanks for the timely response, appreciate it

[mcarey591]

Excellent