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Author Question: If a county sells a capital asset with a net book value of 35,000 for 27,000, how will this ... (Read 54 times)

silviawilliams41

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on: Jul 5, 2018
If a county sells a capital asset with a net book value of 35,000 for 27,000, how will this transaction be recorded on the operating statement conversion worksheet of the two-worksheet conversion approach?
 
  A. A deduction from an other financing source for 8,000.
  B. An addition to an other financing use for 35,000.
  C. An addition to an other financing use for 8,000.
  D. A deduction from an other financing source for 35,000.

Question 2

Why do auditors and systems analysts use systems documentation?
 a. to understand, explain, and improve complex systems
  b. only to provide justification to management for systems investments
  c. to reduce the number and amount of external entities
  d. to eliminate evidence to be collected


Kingjoffery

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

A


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