« previous next »

Author Question: When converting the multiple governmental funds to the single entity represented by the governmental ... (Read 296 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jul 5, 2018
When converting the multiple governmental funds to the single entity represented by the governmental activities in the government-wide financial statements, which of the following adjustments will not be necessary?
 
  A. Converting the cash account to reflect the different basis of accounting.
  B. Adjusting for capital assets.
  C. Adjusting for long-term liabilities.
  D. Converting fund balance to net position.

Question 2

Which of the following is an example of an accrued expense?
 a. Salary owed but not yet paid
  b. Fees received but not yet earned
  c. Supplies on hand
  d. A two-year premium paid on a fire insurance policy


Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

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.

Directional drilling taps multiple oil deposits Directional drilling taps multiple oil deposits
Several common functional groups in a single biomolecule Several common functional groups in a single biomolecule
Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion
Model for the events occurring around a single replication fork Model for the events occurring around a single replication fork
Pure Alexia in a Patient with Multiple Sclerosis Pure Alexia in a Patient with Multiple Sclerosis
The RecA strand exchange reaction as shown from single-molecule studies The RecA strand exchange reaction as shown from single-molecule studies
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library