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

Author Question: An organization is a component unit of a primary government and hence part of the primary ... (Read 143 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jul 5, 2018
An organization is a component unit of a primary government and hence part of the primary government's financial reporting entity, provided that:
 
  a. the primary government provides grants to the organization
  b. the primary government sells tax-exempt debt on behalf of the organization
  c. the primary government is financially accountable for the organization
  d. the primary government makes appropriations to the organization

Question 2

The controlling account in the general ledger that summarizes the individual customer accounts in the subsidiaryledger is entitled
 a. Purchases
  b. Accounts Payable
  c. Fees Earned
  d. Accounts Receivable


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

d


stephzh

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jul 5, 2018
Thank you :)


chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Benign Primary Bone Tumors Benign Primary Bone Tumors
Under what conditions can part-time employment in high school be a negative influence on school ... Under what conditions can part-time employment in high school be a negative influence on school ...
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 3) Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 3)
Question 37 Part 2 Question 37 Part 2
Best body part of Marc’s Best body part of Marc’s
Video: Role of complement proteins

For a complete list of videos, visit our video library