Author Question: The accumulated depreciation account is closed to the income summary account. a. True b. False ... (Read 240 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?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library