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

Author Question: Sue Lee paid 1,200 for her employees' salaries. This transaction would a. increase assets and ... (Read 109 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jul 5, 2018
Sue Lee paid 1,200 for her employees' salaries. This transaction would
 a. increase assets and decrease owner's equity.
   b. increase assets and increase liabilities.
   c. decrease assets and decrease liabilities.
   d. decrease assets and decrease owner's equity.

Question 2

The General Fund transferred 10,000 to Enterprise Fund A; a Special Revenue Fund transferred 20,000 to a Capital Projects Fund; Enterprise Fund A transferred 35,000 to a Capital Projects Fund and 25,000 to Enterprise Fund B.
 
  The governmental activities column on the Statement of Activities will be report
  A. Transfers in of 25,000.
  B. Transfers out of 30,000.
  C. Transfers in of 55,000.
  D. Transfers in of 35,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

A


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
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.
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library