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Author Question: Which of the following may be reported in the government-wide statements and the fund financial ... (Read 108 times)

HudsonKB16

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  • Posts: 535
on: Jul 6, 2018
Which of the following may be reported in the government-wide statements and the fund financial statements?
 
  A. Nonfiduciary component units
  B. General government long-term debt
  C. General government capital assets
  D. Short-term debt.

Question 2

If total assets decreased by 30,000 during a specific period and owner's equity decreased by 35,000 during thesame period, the period's change in total liabilities was a 65,000 increase.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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Chocorrol77

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Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

False


HudsonKB16

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  • Posts: 535
Reply 2 on: Jul 6, 2018
Wow, this really help

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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