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

Author Question: The total on the Accounts Payable Creditor Balances report at January 31, the end of the first month ... (Read 89 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jul 5, 2018
The total on the Accounts Payable Creditor Balances report at January 31, the end of the first month ofoperations, agrees with the total of the Accounts Payable debit column in the cash payments journal for the sameperiod.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A city's General Fund makes a contribution of 800,000 to an Internal Service Fund (ISF) so that the ISF can operate. How should the ISF report the contribution?
 
  a. as operating revenue
  b. as nonoperating revenue
  c. as a transfer after operating income but before change in net position
  d. as a direct addition to fund net position


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

c


Charlie

  • Hero Member
  • *****
  • Posts: 640
Reply #2 on: Jul 5, 2018
Correct answers!


ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
How does your baby grow up starting from 4th month? How does your baby grow up starting from 4th month?
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
chemistry lab report help chemistry lab report help
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Video: Stroke volume

For a complete list of videos, visit our video library