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

Author Question: Which of the following statements regarding external financial reporting for a Debt Service Fund is ... (Read 137 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jul 6, 2018
Which of the following statements regarding external financial reporting for a Debt Service Fund is false?
 
  a. A balance sheet is required.
  b. A statement of cash flows is required.
  c. A budget-to-actual statement is not required.
  d. A statement of revenues, expenditures, and changes in fund balance is required.
  e. A budget-to-actual statement may be prepared for internal use.

Question 2

The Sales Discounts account is shown with the Other Expenses on the income statement.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

F


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Examples of animals with external gills. Examples of animals with external gills.
The arrangement of the external eye muscles: (A) lateral and (B) anterior views. The arrangement of the external eye muscles: (A) lateral and (B) anterior views.
External view of the right eye. External view of the right eye.
Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ... Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ...
External rotation of the shoulders External rotation of the shoulders
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library