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Author Question: Which measurement focus is used by governmental universities that report as a business-type special ... (Read 92 times)

RYAN BANYAN

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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.


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lin77x

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

C

Answer to Question 2

c


RYAN BANYAN

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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