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

Author Question: Office Equipment is an example of a current asset account. a. True b. False Indicate whether ... (Read 184 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
on: Jul 5, 2018
Office Equipment is an example of a current asset account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A city has a General Fund and an Enterprise Fund. During the year, legal claims are filed against the resources of both funds.
 
  City attorneys believe that each claim will ultimately be settled for about 55,000, but settling claims of this kind usually is about a three-year process. How much should be reported as a liability in each fund's balance sheet at the end of the current year?
   General Enterprise
   Fund Fund
   a. 0 0
   b. 0 55,000
   c. 55,000 0
   d. 55,000 55,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheNamesImani

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

b


bclement10

  • Member
  • Posts: 560
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

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?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Scoliometer and Its Use, Equipment Scoliometer and Its Use, Equipment
False Solomons Seal False Solomons Seal
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
A mobile weather station that can be used to gather current weather data at the scene of hazardous ... A mobile weather station that can be used to gather current weather data at the scene of hazardous ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library