Author Question: Which measurement focus is used by governmental universities that report as a business-type special ... (Read 63 times)

RYAN BANYAN · **on:** Jul 5, 2018

Which measurement focus is used by governmental universities that report as a business-type special purpose government?

A. Cash measurement focus.
B. Current financial resources measurement focus.
C. Economic resources measurement focus.
D. Accrual measurement focus.

Question 2

Stephen purchased office supplies for 800 on account. This transaction would
a. increase assets and increase owner's equity.
b. increase one asset and decrease another asset.
c. increase assets and increase liabilities.
d. decrease assets and decrease liabilities.