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Author Question: Generally accepted accounting principles require accrual-basis accounting. a. True b. False ... (Read 179 times)

jrubin

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on: Jul 5, 2018
Generally accepted accounting principles require accrual-basis accounting.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The net realizable value or present value of unrestricted pledges receivable outstanding at the end of a year
 
  a. are always considered unrestricted net assets.
  b. are always considered temporarily restricted net assets.
  c. are always considered permanently restricted net assets.
  d. are considered temporarily restricted unless the donor specified that the pledge was intended to finance current year expenses.


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macagnavarro

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

True

Answer to Question 2

D


jrubin

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  • Posts: 552
Reply 2 on: Jul 5, 2018
Wow, this really help

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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