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

Author Question: Under the modified accrual basis of accounting a. expenditures are recognized when paid in cash ... (Read 133 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jul 5, 2018
Under the modified accrual basis of accounting
 
  a. expenditures are recognized when paid in cash if not previously encumbered
  b. property tax revenues are recognized when earned
  c. property tax revenues are recognized when measurable and available
  d. encumbrances are equivalent to expenditures

Question 2

The sum of the debits must equal the sum of the credits on the trial balance.
 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

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

True


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Examples of four letter formats: (A) block style, (B) modified block style, (C) modified block style ... Examples of four letter formats: (A) block style, (B) modified block style, (C) modified block style ...
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Accounting (Making Entries) Accounting (Making Entries)
Horngren's Accounting, 11th Edition Horngren's Accounting, 11th Edition
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library