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

Author Question: Which fund type would be reported in the Statement of Revenues, Expenditures, and Changes in Fund ... (Read 99 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jul 5, 2018
Which fund type would be reported in the Statement of Revenues, Expenditures, and Changes in Fund Balance?
 
  a. Enterprise Funds
  b. Internal Service Funds
  c. Permanent Funds
  d. Pension Trust Funds
  e. Agency Funds

Question 2

Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of 14,000 and unexpired insurance of 3,000, for the fiscal year ending on April 30?
 a. debit Insurance Expense, 3,000; credit Prepaid Insurance, 3,000
  b. debit Insurance Expense, 14,000; credit Prepaid Insurance, 14,000
  c. debit Prepaid Insurance, 11,000; credit Insurance Expense, 11,000
  d. debit Insurance Expense, 11,000; credit Prepaid Insurance, 11,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


stock

  • Member
  • Posts: 573
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Przewalski's Horse, the only remaining type of "wild" horse that has never been domes Przewalski's Horse, the only remaining type of "wild" horse that has never been domes
An onager, one type of wild ass An onager, one type of wild ass
Coolant flow through the impeller and scroll of a coolant pump for a V-type engine. Coolant flow through the impeller and scroll of a coolant pump for a V-type engine.
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
Basic molecular mechanisms of delayed-type hypersensitivity. Basic molecular mechanisms of delayed-type hypersensitivity.
How to calculate the future value of a mutual fund How to calculate the future value of a mutual fund
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library