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

Author Question: When services are performed for which payment will be received later, accounts receivable increases. ... (Read 85 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jul 5, 2018
When services are performed for which payment will be received later, accounts receivable increases.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Assume that an Internal Service Fund purchases land on which to construct a new warehousing facility. The fund paid cash for 30 of the purchase price and financed the reminder with a loan from a local lending institution.
 
  The Internal Service Fund will
  A. Increase Net Investment in Capital Assets.
  B. Report capital outlay expenditures.
  C. Depreciate the cost of the land over its useful life.
  D. Record the land in the General Capital Assets accounts.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

A


rachel9

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jul 5, 2018
Correct answers!


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Example of Health Care Services Example of Health Care Services
The first mill operations performed only the task of spinning wool, cotton, and The first mill operations performed only the task of spinning wool, cotton, and
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
Transport accounts for 14% of greenhouse gas emissions Transport accounts for 14% of greenhouse gas emissions
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ... A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ...
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library