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

Author Question: Which of the following is not a typical governmental fund liability, and thus not an expenditure ... (Read 26 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jul 5, 2018
Which of the following is not a typical governmental fund liability, and thus not an expenditure that is recognized when the liability is incurred?
 
  A. Accounts payable.
  B. Long-term note payable.
  C. Salaries payable.
  D. Vouchers payable.

Question 2

Ramierez Company received its first electric bill in the amount of 60 which will be paid next month. How will thistransaction affect the accounting equation?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

Increase Liabilities (Accounts Payable) and decrease Owner's Equity (UtilitiesExpense)


Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

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

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

(A) The structure of a neuron, showing the dendrites, nerve cell body, and axon. (B) Photomicrograph (A) The structure of a neuron, showing the dendrites, nerve cell body, and axon. (B) Photomicrograph
A hapless Taft is entangled in governmental yarn, while a disapproving Roosevelt looks on. “Goodness A hapless Taft is entangled in governmental yarn, while a disapproving Roosevelt looks on. “Goodness
A typical large tool box, showing just one of many drawers. A typical large tool box, showing just one of many drawers.
A cutaway view of a typical variable fuel sensor. A cutaway view of a typical variable fuel sensor.
A typical battery load tester hookup. A typical battery load tester hookup.
Cutaway view of a typical alternator. Cutaway view of a typical alternator.
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library