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Author Question: Liabilities are reported on the a. income statement b. statement of owner's equity c. statement ... (Read 113 times)

Mr.Thesaxman

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on: Jul 5, 2018
Liabilities are reported on the
 a. income statement
  b. statement of owner's equity
  c. statement of cash flows
  d. balance sheet

Question 2

If the General Fund has restricted fund balance, then the governmental activities column will automatically have
 
  A. Committed net position.
  B. Restricted net position.
  C. Designated net position.
  D. Net investment in capital assets.


GCabra

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

d

Answer to Question 2

B


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