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Author Question: Payment of office rent represents a decrease in a. a liability account. b. expenses. c. cash. ... (Read 157 times)

EY67

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on: Jul 5, 2018
Payment of office rent represents a decrease in
 a. a liability account.
   b. expenses.
   c. cash.
   d. a revenue account.

Question 2

Which of the following classifications of net position likely would be found on the statement of net position of a governmental university that reports as a business-type activity?
 
  A. Temporarily restricted net position.
  B. Unrestricted net position.
  C. Permanently restricted net position.
  D. Nonspendable net position.


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Ahernandez18

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

B


EY67

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

ricroger

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Reply 3 on: Yesterday
:D TYSM

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