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

Author Question: The drawing account is a temporary account. a. True b. False Indicate whether the statement is ... (Read 655 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
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

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
Reconstruction Drawing of the "Palace" Complex, Knossos, Crete Reconstruction Drawing of the "Palace" Complex, Knossos, Crete
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Christmas Jesus birth kids drawing Christmas Jesus birth kids drawing
Christmas stocking kid drawing Christmas stocking kid drawing
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library