Author Question: Recording adjustments on the work sheet has no effect on the ledger accounts. a. True b. False ... (Read 110 times)

rayancarla1 · **on:** Jul 5, 2018

Recording adjustments on the work sheet has no effect on the ledger accounts.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A state has different relationships with many legally separate organizations.

Some elements of the relationships are: (1) the state can appoint a majority of some governing boards; (2) the state is able to impose its will on some; and (3) the state gets financial benefits from or is financially burdened by some. Which relationship or combination of relationships will cause an organization to be part of the state's financial reporting entity?
a. Any one of the three relationships must exist.
b. All three relationships must exist.
c. A combination of relationship (3) and either relationship (1) or (2) must exist.
d. A combination of relationship (1) and either relationship (2) or (3) must exist.