Determine the net income (loss) for the period. a. net income ...

[rosent76]

Determine the net income (loss) for the period.
 a. net income 9,250
  b. net loss 790
  c. net loss 5,670
  d. net income 3,580

Question 2

Depreciation expense on assets of the public safety function totaled 195,000 for the year. The one-worksheet conversion adjustment necessary to record the depreciation expense as part of governmental activities would be
 
   Debit Credit
 
  A. Depreciation Expense  Public Safety
   Accumulated Depreciation 195,000
  195,000
  B. Depreciation Expense  Public Safety
   Capital Outlay Expenditures 195,000
  195,000
  C. Capital Outlay Expenditures
   Capital Assets 195,000
  195,000
  D. Capital Outlay Expenditures
   Accumulated Depreciation 195,000
  195,000

[dpost18]

Answer to Question 1

d

Answer to Question 2

A

[rosent76]

Thank you

[dpost18]

Happy to help you