Author Question: When an account balance is not affected by an adjusting entry, the amount shown in the Trial Balance ... (Read 19 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
When an account balance is not affected by an adjusting entry, the amount shown in the Trial Balance columns is extended directly to the Adjusted Trial Balance columns.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The GASB statement of cash flows is different from that required in the private sector in which of these ways?
 
  a. It excludes permanently restricted cash flows
  b. It excludes investing cash flows
  c. It requires reporting operating cash flows using the direct method
  d. It is not required unless the reporting entity issues debt.



TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

True

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library