Author Question: The accumulated depreciation account is closed to the income summary account. a. True b. False ... (Read 242 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
The accumulated depreciation account is closed to the income summary account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

At the beginning of its fiscal year, the Town of Harmon estimates that its revenues for street maintenance activities are 100,000, and it appropriates 90,000 for street maintenance supplies.
 
  It currently has outstanding encumbrances for street maintenance supplies of 40,000 and has incurred expenditures for street maintenance supplies of 30,000 . How much does the Town of Harmon currently have available to spend for street maintenance supplies?
   a. 20,000
   b. 30,000
   c. 40,000
   d. 50,000
   e. 60,000



pami445

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

False

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library