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Author Question: Which of the following is an acceptable method to report total comprehensive income? a. On the ... (Read 29 times)

penguins

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on: Jul 6, 2018
Which of the following is an acceptable method to report total comprehensive income?
 
  a. On the face of thebalance sheet.
  b. Total comprehensive income does not have to be reported.
  c. In the operating section of the cash flow statement.
  d. In the statement of stockholders' equity.

Question 2

Frank Delivery Services establishes a Change Fund of 100 . At the end of the day, Frank Delivery Services had 1,230 on hand. The journal entry to record the day's receipts would include a
 a. debit to Change Fund.
   b. credit to Income from Services.
   c. debit to Petty Cash Fund.
   d. none of the answers listed.


at

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

d

Answer to Question 2

b


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