« previous next »

Author Question: Which statement is NOT true about the Chart of Accounts? a. The order of the chart of accounts is ... (Read 73 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jul 6, 2018
Which statement is NOT true about the Chart of Accounts?
 a. The order of the chart of accounts is important.
  b. The first digit in the account number helps identify and organize the accounts in the chart.
  c. Income statement accounts are listed before balance sheet accounts.
  d. None of the above are true.

Question 2

The town of Newport issued 1,500,000 of general obligation refunding bonds at a 2 premium. Bond issuance costs of 15,000 were incurred. The proceeds, net of the premium, are being used to refund the outstanding bonds.
 
  Debt Service Fund Expenditures will be debited for
  a. 30,000
  b. 15,000
  c. 1,500,000
  d. 1,470,000
  e. 1,455,000


mcinincha279

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

A single crossover inserts F at a specific locus, which then determines the order of gene transfer A single crossover inserts F at a specific locus, which then determines the order of gene transfer
Snellen chart Snellen chart
Protein Profiling Chart Protein Profiling Chart
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
Fluidization - Chart Pump #2 Fluidization - Chart Pump #2
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library