« previous next »

Author Question: Nongovernment not-for profit organizations that wish to follow generally accepted accounting ... (Read 16 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jul 5, 2018
Nongovernment not-for profit organizations that wish to follow generally accepted accounting principles in the preparation of their financial statements should follow
 
  A. FASB standards.
  B. GASB standards.
  C. FASB standards.
  D. AICPA Auditing Accounting Guide Non-Profit Organizations.

Question 2

The year-end balance of the owner's capital account appears in
 a. both the statement of owner's equity and the income statement
  b. only the statement of owner's equity
  c. both the statement of owner's equity and the balance sheet
  d. both the statement of owner's equity and the statement of cash flows


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

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?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

A historical timeline of regulatory acts, standards, and organizations A historical timeline of regulatory acts, standards, and organizations
Both individuals and organizations do impression management, trying to communicate messages about ... Both individuals and organizations do impression management, trying to communicate messages about ...
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Managerial Accounting Managerial Accounting
levels of organizations levels of organizations
Video: The Nerve Impulse

For a complete list of videos, visit our video library