« previous next »

Author Question: When an account balance is not affected by an adjusting entry, the amount shown in the Trial Balance ... (Read 69 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower
Recent history of biochemistry shown by the introduction of new techniques. (part 2) Recent history of biochemistry shown by the introduction of new techniques. (part 2)
Variable expressivity as shown in flies homozygous for the eyeless mutation in Drosophila Variable expressivity as shown in flies homozygous for the eyeless mutation in Drosophila
Fluid–solute balance in freshwater and marine bony fishes Fluid–solute balance in freshwater and marine bony fishes
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library