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 224 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?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ... Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ...
Nitrogen Balance and Imbalance Nitrogen Balance and Imbalance
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
Remaining health-adjusted life expectancy (years) at age 25 Remaining health-adjusted life expectancy (years) at age 25
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library