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Author Question: Capital and drawing are reported in the owner's equity section of the balance sheet. a. True b. ... (Read 231 times)

tnt_battle

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on: Jul 5, 2018
Capital and drawing are reported in the owner's equity section of the balance sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The General Fund paid 195,000 related to compensated absences during the year.
 
  If the beginning balance of long-term compensated absences payable for the governmental activities was 65,000 and the ending balance was 55,000, then the expenses related to compensated absences in the governmental activities column would be
  A. 195,000.
  B. 185,000.
  C. 65,000.
  D. 55,000.


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itsakadoozi

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

False

Answer to Question 2

B


tnt_battle

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

tanna.moeller

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Reply 3 on: Yesterday
Excellent

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