« previous next »

Author Question: A 12-month fiscal year can end on any month of the calendar year. a. True b. False Indicate ... (Read 248 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 5, 2018
A 12-month fiscal year can end on any month of the calendar year.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

In Proprietary Fund accounting, which of the following statements are true?
 
  a. materials and supplies are recognized as expenditures when purchased
  b. materials and supplies are recognized as expenses when consumed
  c. capital assets are considered as expenditures when they are acquired
  d. capital assets are not recorded in proprietary funds


vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Fetal development from 1 month to 9 months Fetal development from 1 month to 9 months
True Dover Sole True Dover Sole
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library