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Author Question: Accounts that affect owner's equity are a. assets, capital, and revenue. b. capital, liabilities, ... (Read 110 times)

genevieve1028

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on: Jul 5, 2018
Accounts that affect owner's equity are
 a. assets, capital, and revenue.
   b. capital, liabilities, and expenses.
   c. expenses, capital, and revenue.
   d. drawing, assets, and liabilities.

Question 2

The statement of net position of government colleges and universities engaged only in business-type activities would not report which component of net position?
 
  A. Unrestricted net position.
  B. Temporarily restricted net position.
  C. Net investment in capital assets.
  D. Restricted net position.


jaygar71

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

c

Answer to Question 2

B


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