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

Author Question: When a transposition error is made on the trial balance, the difference between the debit and credit ... (Read 185 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
When a transposition error is made on the trial balance, the difference between the debit and credit totals on thetrial balance will be
 a. zero
  b. twice the amount of the transposition
  c. one-half the amount of the transposition
  d. divisible by 9

Question 2

For which types of organizations is the Financial Accounting Standards Board (FASB) responsible for establishing accounting and financial reporting standards?
 
  a. Business-type organizations and not-for-profit organizations, including not-for-profit colleges, universities and health care providers
  b. Business-type organizations; not-for-profit organizations; and all colleges, universities and health care providers, whether organized as not-for-profit or governmental entities
  c. Business-type organizations only
  d. All entities, except for those under the jurisdiction of the American Institute of CPAs


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

a


bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jul 5, 2018
Correct answers!


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

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

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da
Use dye specifically made for coolant when checking for leaks using a black light. Use dye specifically made for coolant when checking for leaks using a black light.
A backpressure tool can be made by using an oxygen sensor housing and using epoxy or braze to hold ... A backpressure tool can be made by using an oxygen sensor housing and using epoxy or braze to hold ...
Models of simple transposition and replicative 3′ transposition Models of simple transposition and replicative 3′ transposition
Cylinder Power Balance Test Cylinder Power Balance Test
Acid–Base Balance Acid–Base Balance
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library