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 112 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?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

The Kinsey Report on American Women The Kinsey Report on American Women
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5 Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library