« previous next »

Author Question: A government has a liability for accrued compensated absences at the beginning of 20X5 of 500,000 . ... (Read 24 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jul 5, 2018
A government has a liability for accrued compensated absences at the beginning of 20X5 of 500,000 . This liability did not mature in 20X4 .
 
  At the end of 20X5, the government has a liability for accrued compensated absences (not due and payable) of 600,000 . In addition, the government had 10,000 of matured compensated absences to be paid in early 20X6 from existing fund assets. The government paid compensated absences of 400,000 during 20X5 . The General Fund expenditures for compensated absences for 20X5 should be reported at what amount?
  A. 400,000.
  B. 410,000.
  C. 500,000.
  D. 510,000.

Question 2

The process of recording a transaction in the journal is called
 a. ledgerizing
  b. journalizing
  c. posting
  d. summarizing


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jul 5, 2018
Thank you


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

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).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

The regions of the colon beginning with the cecum and ending at the anus. The regions of the colon beginning with the cecum and ending at the anus.
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Cleanse a linear wound by using a new sterile gauze pad for each stroke, beginning next to the wound ... Cleanse a linear wound by using a new sterile gauze pad for each stroke, beginning next to the wound ...
A typical beginning technician tool set that includes the basic tools to get started. A typical beginning technician tool set that includes the basic tools to get started.
Growth of Government Spending, 1870–2009 Growth of Government Spending, 1870–2009
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library