This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Capital assets are reported in the assets section of the Capital Projects Fund balance sheet. ... (Read 174 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jul 5, 2018
Capital assets are reported in the assets section of the Capital Projects Fund balance sheet.
 
  Indicate whether the statement is true or false

Question 2

Closing entries are made in the journal and posted to the ledger accounts.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 5, 2018
Answer to Question 1

False. Capital Projects Funds only report financial resources, not capital resources. Outlays for capital assets are treated as expenditures, not as assets.

Answer to Question 2

True


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

planes of section planes of section
Subcutaneous drug administration: (a) cross section of skin showing depth of needle insertion; Subcutaneous drug administration: (a) cross section of skin showing depth of needle insertion;
Material Balance on Coolers in series Material Balance on Coolers in series
In situ hybridization. This color-coded frontal section through a rat brain reveals high ... In situ hybridization. This color-coded frontal section through a rat brain reveals high ...
The IPCC projects sea level rise The IPCC projects sea level rise
Use the answer sheet below the problems for your answer Use the answer sheet below the problems for your answer
Video: Conduction of action potentials

For a complete list of videos, visit our video library