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Author Question: According to the ____________________, nonbusiness assets and liabilities are not included in the ... (Read 65 times)

genevieve1028

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on: Jul 5, 2018
According to the ___________________ _, nonbusiness assets and liabilities are not included in the business entity's accounting records.
 Fill in the blank(s) with correct word

Question 2

Which of the following items is NOT included in reconciling the governmental funds operating statement information to the changes in net position in the government-wide statement?
 
  A. Depreciation.
  B. Amortization of bond premiums.
  C. Expenditures for retirement of general long-term debt principal.
  D. Increase in salaries payable.


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allisonblackmore

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

business entity concept

Answer to Question 2

D


genevieve1028

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

smrtceo

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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