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Author Question: Cost accountants provide a wide variety of services including a. designing and implementing ... (Read 121 times)

pragya sharda

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on: Jul 5, 2018
Cost accountants provide a wide variety of services including
 a. designing and implementing accounting information systems.
   b. auditing reviews.
   c. performing general accounting services.
   d. analyzing the cost effectiveness of products produced and services provided.

Question 2

A school district receives a grant from the federal government to reimburse the district for the salaries of teachers in an English as a Second Language program. The grant has no time requirements.
 
  The school district has paid the teachers and expects to receive payment from the federal government within 30 days of year-end. Which of the following journal entries would be needed for the school district?
   a. debit cash and credit intergovernmental revenues - grants
   b. debit deferred revenues - grants and credit intergovernmental revenues - grants
   c. debit due from federal government and credit intergovernmental revenues - grants
   d. debit due from federal government and credit deferred revenues - grants


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leeeep

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

d

Answer to Question 2

c


pragya sharda

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

okolip

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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