Author Question: Sales Tax Payable is recorded on the books of the purchaser. a. True b. False Indicate whether ... (Read 88 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
Sales Tax Payable is recorded on the books of the purchaser.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A governmental entity issued bond anticipation notes during the year for a major capital project. The bond anticipation notes were refinanced with long-term general obligation bonds before the end of the fiscal year.
 
  In the Capital Projects Fund year-end financial statements the governmental entity should report
  a. other financing sources.
  b. a fund liability.
  c. revenues.
  d. other financing uses.
  e. None of the above.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

False

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

djofnc

  • Sr. Member
  • ****
  • Posts: 318

 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

For a complete list of videos, visit our video library