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

Author Question: What is the purpose of the adjusted trial balance? a. to verify that all of the adjusting entries ... (Read 211 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jul 5, 2018
What is the purpose of the adjusted trial balance?
 a. to verify that all of the adjusting entries have been posted
  b. to verify that the net income (loss) is correctly reported
  c. to verify that no adjusting journal entry has been omitted.
  d. to verify that the debits and credits balance

Question 2

For a component unit to be blended in the financial statements, it must
 
  a. have substantively the same governing board of the primary government.
  b. provide services only to the primary government.
  c. benefit the government exclusively, even though it does not provide services directly to the primary government.
  d. Any of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

D


jparksx

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 5, 2018
Thank you


Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Sodium Balance Sodium Balance
Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
Material Balance over #3 Heat Exchanger Material Balance over #3 Heat Exchanger
Acid–Base Balance Acid–Base Balance
Acid–Base Balance Acid–Base Balance
How to verify that a triangle is a right angled triangle How to verify that a triangle is a right angled triangle
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library