Author Question: To establish a change fund, Cash should be credited and Change Fund should be debited. a. True b. ... (Read 35 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?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

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?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library