This topic contains a solution. Click here to go to the answer

Author Question: The initials GAAP stand for a. General Accounting Procedures b. Generally Accepted Plans c. ... (Read 159 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
The initials GAAP stand for
 a. General Accounting Procedures
  b. Generally Accepted Plans
  c. Generally Accepted Accounting Principles
  d. Generally Accepted Accounting Practices

Question 2

Which of the following is true?
 
  A. A government is required to record each major general government capital project in a separate Capital Projects Fund.
  B. Acquisition or construction of general government capital assets must always be accounted for through a Capital Projects Fund.
  C. A Capital Projects Fund is not required unless a project is financed by issuing bonds.
  D. A Capital Projects Fund may be used to acquire vehicles and equipment.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cici

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

c

Answer to Question 2

D




charchew

  • Member
  • Posts: 579
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library