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Author Question: The design of a cash payments journal can help the accountant reduce the number of postings ... (Read 58 times)

LaDunn

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  • Posts: 526
on: Jul 6, 2018
The design of a cash payments journal can help the accountant reduce the number of postings required.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A government has the following general government capital assets:
 
   Streets and roads--17,000,000
   Buildings--20,000,000
   Equipment--4,000,000
   Assets acquired under capital leases--1,000,000
 
  What is the minimum amount of general capital
 
  assets the government may report under GAAP?
  a. 42 million
  b. 41 million
  c. 25 million
  d. 24 million


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rachel

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Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

A


LaDunn

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Excellent

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