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Author Question: When a company performs an actual count of goods on hand, this is called a a. Physical Inventory ... (Read 120 times)

urbanoutfitters

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on: Jul 6, 2018
When a company performs an actual count of goods on hand, this is called a
 a. Physical Inventory
   b. Inventory Shrinkage
   c. Inventory Count
   d. Inventory Take

Question 2

A deficit unreserved fund balance was reported in a city Capital Projects Fund balance sheet. Which of the following explanations for the deficit is not plausible?
 
  a. The city financed a substantial portion of the project in the previous year.
  b. The city financed current year expenditures by issuing bond anticipation notes that are not general long-term liabilities.
  c. The city entered into a two-year construction contract. Transfers from the General Fund will be made each year to cover actual expenditures.
  d. All of the above are plausible explanations


diana chang

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

a

Answer to Question 2

A


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