« previous next »

Author Question: General capital assets with a net book value of 46,000 were transferred to an Enterprise Fund. The ... (Read 51 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jul 5, 2018
General capital assets with a net book value of 46,000 were transferred to an Enterprise Fund. The business-type activities column in the government-wide financial statements would report
 
  A. A transfer in of 46,000.
  B. A capital contribution of 46,000.
  C. An other financing source of 46,000.
  D. A revenue of 46,000.

Question 2

The balance in the unearned fees account, before adjustment at the end of the year, is 10,250 . Journalize the adjusting entry required if the amount of unearned fees at the end of the year is 3,125.


krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

Unearned Fees (10,250 - 3,125) 7,125
Fees Earned 7,125


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi
Reading and talking about a picture book is one effective way to improve children’s language ... Reading and talking about a picture book is one effective way to improve children’s language ...
Injectable General Anesthetics Injectable General Anesthetics
Mediator as a bridge between gene-specific regulatory factors and the general transcription Mediator as a bridge between gene-specific regulatory factors and the general transcription
General Mathematics General Mathematics
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library