Author Question: Fees payable would appear on the balance sheet as a(n) a. asset b. liability c. fixed asset d. ... (Read 1161 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
Fees payable would appear on the balance sheet as a(n)
 a. asset
  b. liability
  c. fixed asset
  d. unearned revenue

Question 2

A government establishes an Investment Trust Fund. During the year, it receives 500,000 from other separate legal entities to invest. The Investment Trust Fund should report this activity in the statement of changes in net position as
 
  A. Revenues.
  B. Other financing sources.
  C. Additions.
  D. Should not be reported.



laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library