Author Question: The adjustment for salaries owed but not yet paid to employees will decrease the balance in the ... (Read 83 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
The adjustment for salaries owed but not yet paid to employees will decrease the balance in the Salary Expense account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Proprietary funds
 
  a. Must apply all FASB standards that do not conflict with a GASB standard.
  b. Have the option to apply or not apply each individual FASB standard issued since November 30, 1989 that does not conflict with GASB standards
  c. Are required to apply all FASB standards that were issued since November 30, 1989 that do not conflict with GASB standards
  d. Are permitted either to apply all of or to apply none of the FASB standards issued since November 30, 1989 that do not conflict with GASB standards.



olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

False

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

For a complete list of videos, visit our video library