Author Question: Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance ... (Read 41 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.
  Indicate whether the statement is true or false

Question 2

A county university's endowment fund has investments that were purchased for 400,000 . As of the end of the fiscal year, the fair value of the investments decreased by 33,000 .
 
  What journal entry is required to reflect the change in the fair market value of the investments?
 
   dr cr
 
  a. Loss on Endowment Investments  33,000 Endowment Investments  33,000
  b. Interest Expense  33,000 Endowment Investments  33,000
  c. Interest Revenues  33,000 Endowment Investments  33,000
  d. Interest Expense  33,000
   Deferred Revenue  33,000
  e. None of the above.



kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

F

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library