This topic contains a solution. Click here to go to the answer

Author Question: The drawing account is a temporary account. a. True b. False Indicate whether the statement is ... (Read 654 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
The drawing account is a temporary account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following is a characteristic of an Agency Fund's financial reporting?
 
  a. Its statement of fiduciary net position shows assets, liabilities, and fund balance
  b. Its statement of fiduciary net position shows no net position
  c. Its statement of fiduciary net position shows no liabilities
  d. Its statement of fiduciary net position shows no assets



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

True

Answer to Question 2

b




mp14

  • Member
  • Posts: 534
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

For a complete list of videos, visit our video library