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

Author Question: Retainage payable will most likely appear in which financial statement? a. government-wide ... (Read 55 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jul 5, 2018
Retainage payable will most likely appear in which financial statement?
 
  a. government-wide statement of net assets
  b. capital projects fund balance sheet
  c. debt service fund balance sheet
  d. special revenue fund balance sheet

Question 2

The income statement columns in the end-of-period spreadsheet show that debits are equal to 55,800 and credits are 77,520 . What does this information mean to the accountant?
 a. net income of 21,720
  b. net loss of 21,720
  c. the accounts are out of balance, indicating an error has been made
  d. the accounts have not been updated


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

a


kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Herbivores must overcome the wide variety of physical and chemical defences evolved by plants. Herbivores must overcome the wide variety of physical and chemical defences evolved by plants.
Summation of Heart Sounds, Wide Splitting of S2 Summation of Heart Sounds, Wide Splitting of S2
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
A wide variety of pathogens may live on or in the human body A wide variety of pathogens may live on or in the human body
A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ... A concrete wall of a cold storage room measures 3.0 m high, 5.0 m wide, and 20 cm thick. The ...
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library