« previous next »

Author Question: The first item appearing on the statement of retained earnings is a. net income b. the ending ... (Read 197 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jul 5, 2018
The first item appearing on the statement of retained earnings is
 a. net income
  b. the ending balance of retained earnings
  c. owner withdrawals
  d. the beginning balance of retained earnings

Question 2

A city sells 5 million of 20-year general obligation bonds on October 1, 2013 . Interest on the debt is payable at the rate of 5 a year on the unpaid balance of the debt, every six months commencing March 31, 2014 .
 
  How much should the city report as an interest expenditure in the Debt Service Fund for the calendar year ending December 31, 2013?
   a. 0
   b. 30,000
   c. 60,000
   d. 120,000


IRincones

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
On the Flexible Item Selection Task (FIST) children are presented with three cards On the Flexible Item Selection Task (FIST) children are presented with three cards
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library