Author Question: To establish a change fund, Cash should be credited and Change Fund should be debited. a. True b. ... (Read 106 times)

jake

  • Hero Member
  • *****
  • Posts: 538
To establish a change fund, Cash should be credited and Change Fund should be debited.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Revenue earned on the income statement will always equal Cash collected from customers on the statement of cash flows.
 
  Indicate whether the statement is true or false



mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

True

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

For a complete list of videos, visit our video library